This chart is an analysis of the Gold Spot price (XAU/USD) on a 1-hour timeframe. Here's the breakdown:
Key Zones and Levels:
Entry Zone (highlighted in orange and red):
This is the area where the trader expects price to pull back before continuing downward.
It's marked as a potential sell zone or resistance area.
The Stop Loss (SL) at $3,301.500.
Target Level:
The expected move is bearish (downtrend).
Arrows indicate a move down toward the Take Profit (TP) target at around $3,203.000.
Trade Idea:
Type: Sell/Short
Plan:
Wait for price to enter the Entry Zone.
Enter a short trade within this zone.
Place Stop Loss above the zone at $3,301.500.
Target a move down to $3,203.000.
Key Zones and Levels:
Entry Zone (highlighted in orange and red):
This is the area where the trader expects price to pull back before continuing downward.
It's marked as a potential sell zone or resistance area.
The Stop Loss (SL) at $3,301.500.
Target Level:
The expected move is bearish (downtrend).
Arrows indicate a move down toward the Take Profit (TP) target at around $3,203.000.
Trade Idea:
Type: Sell/Short
Plan:
Wait for price to enter the Entry Zone.
Enter a short trade within this zone.
Place Stop Loss above the zone at $3,301.500.
Target a move down to $3,203.000.
Order cancelled
Trade Cancelled.
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t.me/+galBMpR4FpNiOGI8
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.