Chart Details:
Instrument: Gold Spot (XAUUSD) vs. US Dollar.
Timeframe: 1-hour (1H).
Date/Time: Chart taken around April 28, 2025, 18:22 UTC.
Current Market Price (CMP): About $3,339.72.
Spread: Bid at $3,339.64 / Ask at $3,339.94 (small spread = good liquidity).
Key Features:
Trend Before: Recent sharp downtrend (visible on the left) — price dropped significantly from a previous high.
Current Structure:
After the fall, the price seems to have stabilized in a sideways range (accumulation).
Small higher highs and higher lows have started forming (early signs of reversal).
Zones Highlighted:
Reversal Zone at the bottom (around $3,246) — suggesting strong support.
Entry Range: Around $3,337–$3,339 (where the price is currently consolidating).
Stop-Loss Area: Below $3,289.
Target Areas:
First Target (TP1): around $3,379.63.
Final Target (TP2): around $3,500 (just below ATH).
Projected Path (marked with arrows):
A small dip toward support (near $3,289).
Then a strong rally upward, breaking current resistance levels.
Technical Interpretation:
Type of Setup: Buy (Long).
Risk-Reward Ratio: Very favorable — small stop loss compared to a large upside potential.
ATH (All-Time High): If price breaks $3,500, it would be entering price discovery mode (no historical resistance).
Other Observations:
Candlestick Pattern: Small bullish candles with wicks indicate buying pressure.
Volume: Not visible here, but volume would ideally confirm the breakout.
Indicators: No moving averages, RSI, or MACD are shown — purely price action based.
In short:
The trader is expecting a short pullback, then a bullish continuation toward a new all-time high (ATH).
Instrument: Gold Spot (XAUUSD) vs. US Dollar.
Timeframe: 1-hour (1H).
Date/Time: Chart taken around April 28, 2025, 18:22 UTC.
Current Market Price (CMP): About $3,339.72.
Spread: Bid at $3,339.64 / Ask at $3,339.94 (small spread = good liquidity).
Key Features:
Trend Before: Recent sharp downtrend (visible on the left) — price dropped significantly from a previous high.
Current Structure:
After the fall, the price seems to have stabilized in a sideways range (accumulation).
Small higher highs and higher lows have started forming (early signs of reversal).
Zones Highlighted:
Reversal Zone at the bottom (around $3,246) — suggesting strong support.
Entry Range: Around $3,337–$3,339 (where the price is currently consolidating).
Stop-Loss Area: Below $3,289.
Target Areas:
First Target (TP1): around $3,379.63.
Final Target (TP2): around $3,500 (just below ATH).
Projected Path (marked with arrows):
A small dip toward support (near $3,289).
Then a strong rally upward, breaking current resistance levels.
Technical Interpretation:
Type of Setup: Buy (Long).
Risk-Reward Ratio: Very favorable — small stop loss compared to a large upside potential.
ATH (All-Time High): If price breaks $3,500, it would be entering price discovery mode (no historical resistance).
Other Observations:
Candlestick Pattern: Small bullish candles with wicks indicate buying pressure.
Volume: Not visible here, but volume would ideally confirm the breakout.
Indicators: No moving averages, RSI, or MACD are shown — purely price action based.
In short:
The trader is expecting a short pullback, then a bullish continuation toward a new all-time high (ATH).
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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
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.