Here’s what jumps out at me from the chart you shared:
Overall idea
The author is mapping out a bearish trade-setup on XAU/USD (spot gold).
Price has been tapping an ascending trendline (annotated “support line”) but is now flirting with a break beneath a lower “Entry line.” The suggestion is: if price decisively slips below that entry zone, look for shorts.
Key levels & milestones
| Label on chart | Approx. price | Purpose | | --- | --- | --- | | Entry line | ≈ US$ 3,435–3,440 | Sell-trigger area once broken | | Target 01 | ≈ 3,400 | First take-profit (TP1) | | Target 02 | ≈ 3,360 | Second take-profit (TP2) | | Final target | 3,300 | Ultimate TP; aligns with a prior demand zone |
Technical context
The shaded blue/red band is an Ichimoku cloud on a 50-minute chart; price is currently perched just above it. A cloud break would reinforce bearish momentum.
The tilt of the top trendline plus successive higher highs suggests an ending-diagonal / rising-wedge—often a precursor to sharp reversals.
Note the strong horizontal support (grey box) at 3,300—this is the “magnet” for the final target.
Risk considerations
If price snaps back above the entry zone and re-establishes support on the rising trendline, the short idea becomes invalid. A sensible stop might sit just above the recent swing high (~3,445).
Gold is highly news-sensitive (Fed, CPI, geopolitical shocks). Any unexpected catalyst can blow through technical levels—so position sizing matters.
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Is this the kind of breakdown you were looking for? Happy to dig deeper—e.g., crafting a full trade plan with stop-loss sizing, confirming signals on a higher time frame, or discussing alternative bullish scenarios—just let me know!
Overall idea
The author is mapping out a bearish trade-setup on XAU/USD (spot gold).
Price has been tapping an ascending trendline (annotated “support line”) but is now flirting with a break beneath a lower “Entry line.” The suggestion is: if price decisively slips below that entry zone, look for shorts.
Key levels & milestones
| Label on chart | Approx. price | Purpose | | --- | --- | --- | | Entry line | ≈ US$ 3,435–3,440 | Sell-trigger area once broken | | Target 01 | ≈ 3,400 | First take-profit (TP1) | | Target 02 | ≈ 3,360 | Second take-profit (TP2) | | Final target | 3,300 | Ultimate TP; aligns with a prior demand zone |
Technical context
The shaded blue/red band is an Ichimoku cloud on a 50-minute chart; price is currently perched just above it. A cloud break would reinforce bearish momentum.
The tilt of the top trendline plus successive higher highs suggests an ending-diagonal / rising-wedge—often a precursor to sharp reversals.
Note the strong horizontal support (grey box) at 3,300—this is the “magnet” for the final target.
Risk considerations
If price snaps back above the entry zone and re-establishes support on the rising trendline, the short idea becomes invalid. A sensible stop might sit just above the recent swing high (~3,445).
Gold is highly news-sensitive (Fed, CPI, geopolitical shocks). Any unexpected catalyst can blow through technical levels—so position sizing matters.
---
Is this the kind of breakdown you were looking for? Happy to dig deeper—e.g., crafting a full trade plan with stop-loss sizing, confirming signals on a higher time frame, or discussing alternative bullish scenarios—just let me know!
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Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/moneymagnet0782
t.me/moneymagnet0782
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/moneymagnet0782
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.
Join telegram free...
t.me/moneymagnet0782
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/moneymagnet0782
t.me/moneymagnet0782
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/moneymagnet0782
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.