Xauusd sell trend
It looks like my analyzing gold within an ascending channel and focusing on sell-side levels. If I interpret correctly:
Sell Zone (Resistance): 2945 - 2954 (where price may face selling pressure)
Buy Zone (Support): 2938 - 2923 (potential buying interest)
Target Support: 2833 (major downside target if support breaks)
Possible Trading Strategy:
1. Sell Entry: Around 2945 - 2954 if price rejects resistance.
2. Stop-Loss: Above 2954 (to manage risk).
3. First Target: 2938 - 2923 (short-term support).
4. Breakout Trade: If price breaks below 2938/2923, further downside towards 2833 becomes likely.
5. Ascending Channel Consideration: If gold holds support levels and maintains the channel structure, a bullish reversal is possible instead of a breakdown.
Would you like a chart analysis or more details on market sentiment?
Sell Zone (Resistance): 2945 - 2954 (where price may face selling pressure)
Buy Zone (Support): 2938 - 2923 (potential buying interest)
Target Support: 2833 (major downside target if support breaks)
Possible Trading Strategy:
1. Sell Entry: Around 2945 - 2954 if price rejects resistance.
2. Stop-Loss: Above 2954 (to manage risk).
3. First Target: 2938 - 2923 (short-term support).
4. Breakout Trade: If price breaks below 2938/2923, further downside towards 2833 becomes likely.
5. Ascending Channel Consideration: If gold holds support levels and maintains the channel structure, a bullish reversal is possible instead of a breakdown.
Would you like a chart analysis or more details on market sentiment?
Trade active
📈 gold Trade Update 📈
✅ sell Entry: 2955
🎯 Take Profit: 2888.,670 pips✅ (Successfully Reached!)
profit
🚀 Next Target: 2876,2930 keep hold – Holding Strong!
Trade closed: target reached
📈 gold Trade Update 📈
✅ sell Entry: 2955
🎯 Take Profit: 2880.,780 pips✅ (Successfully Reached!)
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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.
Related publications
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.