The chart you've shared is a 30-minute (30M) timeframe for Gold Spot against the U.S. Dollar (XAU/USD). It visually outlines a short trade setup using Ichimoku Cloud indicators. Here's a breakdown of the strategy shown:
Trade Setup Overview:
Entry Level: 3,356.000
Target Point (Take Profit): 3,320.000
Stop Loss: 3,370.000
Risk-Reward Analysis:
Risk (Stop Loss - Entry): 3,370.000 - 3,356.000 = 14 points
Reward (Entry - Target): 3,356.000 - 3,320.000 = 36 points
Risk-Reward Ratio: 14:36 or approximately 1:2.57, which is favorable.
Technical Indicators:
The chart uses Ichimoku Cloud, with candles interacting with the cloud structure, which helps indicate potential reversals or trend continuation.
The cloud (Kumo) is starting to narrow, which may suggest a potential move or breakout.
Blue arrow pointing down suggests a bearish expectation post-entry.
Interpretation:
This is a short/sell setup expecting price to move from the **entry level
Trade Setup Overview:
Entry Level: 3,356.000
Target Point (Take Profit): 3,320.000
Stop Loss: 3,370.000
Risk-Reward Analysis:
Risk (Stop Loss - Entry): 3,370.000 - 3,356.000 = 14 points
Reward (Entry - Target): 3,356.000 - 3,320.000 = 36 points
Risk-Reward Ratio: 14:36 or approximately 1:2.57, which is favorable.
Technical Indicators:
The chart uses Ichimoku Cloud, with candles interacting with the cloud structure, which helps indicate potential reversals or trend continuation.
The cloud (Kumo) is starting to narrow, which may suggest a potential move or breakout.
Blue arrow pointing down suggests a bearish expectation post-entry.
Interpretation:
This is a short/sell setup expecting price to move from the **entry level
Trade active
Trade activeTrade closed: target reached
TARGET 150 PIPS 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.