XAU/USD 1H CHART PATTERN

This chart is for Gold Spot (XAU/USD) on the 1-hour timeframe, and it outlines a short trade setup. Here's a breakdown of what it's showing:

🔹 Trade Setup Details:

Entry Line: 3335 USD

This is the proposed level to enter a short position (sell).

Target: 3300 USD

The trade aims for a price drop to this level.

Support Zone: Around 3312–3333 USD

This zone is crucial. If broken, it may confirm the short setup and support a move to the target.

Resistance Level: 3368 USD

A potential invalidation or stop-loss area for the short trade, as breaking this level could signal a bullish reversal.

🧠 Trade Logic:

Bearish Bias: Price is expected to drop if it breaks below the 3335 entry line.

Structure: The price previously failed to break higher and is forming lower highs.

Confirmation: A break and retest of the 3335 line could act as confirmation for the short move.

✅ Summary:

Short entry: ~3335

Target: ~3300

Watch zone: 3333–3312 (key support)

Invalidation level: Above 3368 (if price moves past this resistance, short idea is likely invalid)

Would you like help identifying a stop-loss level or calculating the risk/reward ratio for this trade?

Trade active

TARGET DONE

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