XAU/USD sell setup:
https://www.tradingview.com/x/8U54T4rj/
**Current Market Condition**:
- **Current Price**: 3328
- **Trend**: The trend appears to be in a short-term downtrend, but we need confirmation of the bearish momentum.
**Key Levels**:
1. **Support Levels**:
- **S1 (3298)**: If the price drops toward this level and holds, it could indicate a potential bounce or consolidation.
- **S2 (3318)**: A stronger support level. If the price fails to hold at S1 and moves toward S2, it could further confirm bearish continuation if the support breaks.
2. **Resistance Levels**:
- **R1 (3341)**: The first level of resistance. If the price pushes higher and tests this level, it could face selling pressure.
- **R2 (3380)**: A stronger resistance level. A move toward this level may signal the trend reversal is unlikely, and the bearish setup would be invalidated.
**Sell Setup**:
- **Target**: 3276, based on the current market structure and near-term support levels. The price has the potential to move towards this level if the bearish momentum continues.
**Risk Management**:
- **EMA 50**: Use the **50-period Exponential Moving Average (EMA)** as a dynamic support/resistance level. If the price remains below EMA 50, this is a confirmation of the bearish setup. If the price rises above EMA 50, it signals a potential trend reversal, and you should reconsider the sell setup.
-
**Stop Loss**: Place your stop loss just above **R1 (3341)** to limit risk, as a break above this level would likely indicate the trend is shifting upward.
**Entry**:
- **Sell Entry**: Consider entering the position if the price is below EMA 50 and moves toward **S1 (3298)** or if it fails to break above **R1 (3341)**.
**Scenario**:
- **Bearish Confirmation**: If the price stays below the **EMA 50** and tests **S1 (3298)** or **S2 (3318)**, with a clear rejection at these levels, consider selling toward **3276**.
- **Invalidation**: If the price rises above **EMA 50** or breaks through **R1 (3341)**, the setup is invalid, and you should exit the position or refrain from taking the trade.
https://www.tradingview.com/x/8U54T4rj/
**Current Market Condition**:
- **Current Price**: 3328
- **Trend**: The trend appears to be in a short-term downtrend, but we need confirmation of the bearish momentum.
**Key Levels**:
1. **Support Levels**:
- **S1 (3298)**: If the price drops toward this level and holds, it could indicate a potential bounce or consolidation.
- **S2 (3318)**: A stronger support level. If the price fails to hold at S1 and moves toward S2, it could further confirm bearish continuation if the support breaks.
2. **Resistance Levels**:
- **R1 (3341)**: The first level of resistance. If the price pushes higher and tests this level, it could face selling pressure.
- **R2 (3380)**: A stronger resistance level. A move toward this level may signal the trend reversal is unlikely, and the bearish setup would be invalidated.
**Sell Setup**:
- **Target**: 3276, based on the current market structure and near-term support levels. The price has the potential to move towards this level if the bearish momentum continues.
**Risk Management**:
- **EMA 50**: Use the **50-period Exponential Moving Average (EMA)** as a dynamic support/resistance level. If the price remains below EMA 50, this is a confirmation of the bearish setup. If the price rises above EMA 50, it signals a potential trend reversal, and you should reconsider the sell setup.
-
**Stop Loss**: Place your stop loss just above **R1 (3341)** to limit risk, as a break above this level would likely indicate the trend is shifting upward.
**Entry**:
- **Sell Entry**: Consider entering the position if the price is below EMA 50 and moves toward **S1 (3298)** or if it fails to break above **R1 (3341)**.
**Scenario**:
- **Bearish Confirmation**: If the price stays below the **EMA 50** and tests **S1 (3298)** or **S2 (3318)**, with a clear rejection at these levels, consider selling toward **3276**.
- **Invalidation**: If the price rises above **EMA 50** or breaks through **R1 (3341)**, the setup is invalid, and you should exit the position or refrain from taking the trade.
Trade closed: target reached
🎯 Target Achieved!Trade hit the target successfully — profit secured! ✅
Always great to see the plan play out just right.
Make sure to lock it in, manage your risk, and enjoy the rest of your day.
Stay disciplined. Stay profitable. 📈💸
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.