XAUUSD BUY ENRTY ON #@#$Current Price: ~2,334.093
Date/Time on Chart: May 20, 2025 – 19:00 UTC
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Technical Breakdown:
1. Market Context:
The chart shows a bullish market reversal from a prior downtrend.
A strong bullish push has broken previous structure highs, indicating a Change of Character (CHOCH) to the upside.
2. Key Zones:
Demand Zone (Support): Between ~2,205 – 2,210 (light blue box at the bottom).
Supply Zone (Resistance): Between ~2,250 – 2,255 (green box at the top).
Target Level (TP): Near 2,251.113
Stop Loss (SL): Near 2,227.092
3. Trade Setup:
A long (buy) position is clearly set up:
Entry: Around 2,334.093
Stop Loss: Below 2,227.092
Take Profit: At or near 2,251.113
The green rectangle represents the reward area (profit zone), and the red/brown area represents the risk (stop loss zone).
4. Directional Bias:
A blue arrow is drawn pointing upward, signaling bullish intent toward the supply zone or previous high.
Price is anticipated to move up into resistance before facing potential rejection or continuation.
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Join Telegram Channel Free t.me/Sharp_Entry_Trader "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/Sharp_Entry_Trader
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.