Analysis – XAUUSD (Gold) | 5M Chart
Bias: Bearish (Sell setup prioritized)
Key Indicators:
VWAP: Price action is currently moving below the daily VWAP, indicating bearish pressure.
RSI: Oscillates around 40–45 suggesting weak buying momentum. Any rejection near RSI 50 strengthens the sell case.
ATR (5M): Moderate intraday volatility around 4.8–5.3 USD, confirming enough room for tight stop-loss and take-profit.
Candlestick behavior: Multiple lower highs and rejection wicks seen on M5 chart signal selling pressure near intraday resistance zones.
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Trade Setup (Simulation)
Position: Sell
Entry Point: $3,269.00
Take Profit (TP): $3,249.00 (≈ +20 USD gain)
Stop Loss (SL): $3,279.00 (≈ −10 USD risk)
Lot Size: 0.01
Balance / Margin: ≈ 100 USD
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Expected Scenario:
If price retests $3,269 with rejection (bearish wick / RSI divergence), entry is triggered. The TP zone aligns with lower VWAP and previous support at $3,249. SL placed slightly above recent swing high for safety.
Risk–Reward Ratio: 1:2
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Analysis by Mohsen Mozafari Nezhad
(for TradingView, English-ready)
Bias: Bearish (Sell setup prioritized)
Key Indicators:
VWAP: Price action is currently moving below the daily VWAP, indicating bearish pressure.
RSI: Oscillates around 40–45 suggesting weak buying momentum. Any rejection near RSI 50 strengthens the sell case.
ATR (5M): Moderate intraday volatility around 4.8–5.3 USD, confirming enough room for tight stop-loss and take-profit.
Candlestick behavior: Multiple lower highs and rejection wicks seen on M5 chart signal selling pressure near intraday resistance zones.
---
Trade Setup (Simulation)
Position: Sell
Entry Point: $3,269.00
Take Profit (TP): $3,249.00 (≈ +20 USD gain)
Stop Loss (SL): $3,279.00 (≈ −10 USD risk)
Lot Size: 0.01
Balance / Margin: ≈ 100 USD
---
Expected Scenario:
If price retests $3,269 with rejection (bearish wick / RSI divergence), entry is triggered. The TP zone aligns with lower VWAP and previous support at $3,249. SL placed slightly above recent swing high for safety.
Risk–Reward Ratio: 1:2
---
Analysis by Mohsen Mozafari Nezhad
(for TradingView, English-ready)
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.