This is a trading chart for Gold Spot (XAUUSD) against the U.S. Dollar on the 1-hour timeframe, published on TradingView.
Key Chart Elements:
1. Instrument: Gold Spot / USD (XAUUSD)
2. Timeframe: 1-Hour (1h)
3. Current Price: Around 3,334.6250
4. Chart Indicators:
Ichimoku Cloud: Used for trend direction and support/resistance.
Downtrend Line (dotted): A descending resistance line has been broken.
Projected Target Zone: Highlighted in green with a black arrow.
Stop Loss Zone: Highlighted in red below the current price.
Bullish Setup: The chart suggests a buy signal has been triggered due to:
Break above the Ichimoku cloud
Break of descending resistance
Interpretation:
Entry Point: Around 3,334
**
Key Chart Elements:
1. Instrument: Gold Spot / USD (XAUUSD)
2. Timeframe: 1-Hour (1h)
3. Current Price: Around 3,334.6250
4. Chart Indicators:
Ichimoku Cloud: Used for trend direction and support/resistance.
Downtrend Line (dotted): A descending resistance line has been broken.
Projected Target Zone: Highlighted in green with a black arrow.
Stop Loss Zone: Highlighted in red below the current price.
Bullish Setup: The chart suggests a buy signal has been triggered due to:
Break above the Ichimoku cloud
Break of descending resistance
Interpretation:
Entry Point: Around 3,334
**
Trade active
Trade activeNote
90 pips target doneTrade closed: target reached
3360 target 270 pips doneNote
all target 560 pips target done
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.