The chart you've provided shows a short-term trading setup for Gold (XAU/USD) on the 1-hour timeframe. Here's a breakdown of what's happening:
---
Key Levels Identified:
Entry Line: 3329
Take Profit 1 (TP1): 3310
Final Take Profit (Final TP): 3337
---
Current Price:
3,328.200 (just below the entry level)
---
Trade Setup Summary:
This appears to be a sell (short) setup:
Sell Entry: 3329
Target 1 (TP1): 3310 (initial profit-taking level)
Final TP: 3337 is likely not part of the short — this may be an error or could indicate a long target if price reverses upward.
---
Possible Interpretations:
1. Short Trade Plan:
If price hits 3329, the trader initiates a short position.
TP1 at 3310 offers a quick exit with profit.
The chart shows a downward arrow indicating this plan.
2. Alternative Long Plan:
If price breaks above 3329 and moves toward 3337, that could be a bullish breakout play. However, this is not clearly illustrated.
---
Market Context:
The chart shows resistance around 3337 and support around 3247, which creates a broader consolidation range.
Price is currently approaching the entry zone, so a breakout or rejection could happen soon.
---
Conclusion:
Most likely, this is a short setup targeting a move down from 3329 to 3310.
Keep an eye on price behavior at 3329 — a strong rejection would support the short idea, while a breakout above might invalidate it.
Let me know if you’d like help turning this into a risk/reward calculation or want to explore bullish scenarios.
---
Key Levels Identified:
Entry Line: 3329
Take Profit 1 (TP1): 3310
Final Take Profit (Final TP): 3337
---
Current Price:
3,328.200 (just below the entry level)
---
Trade Setup Summary:
This appears to be a sell (short) setup:
Sell Entry: 3329
Target 1 (TP1): 3310 (initial profit-taking level)
Final TP: 3337 is likely not part of the short — this may be an error or could indicate a long target if price reverses upward.
---
Possible Interpretations:
1. Short Trade Plan:
If price hits 3329, the trader initiates a short position.
TP1 at 3310 offers a quick exit with profit.
The chart shows a downward arrow indicating this plan.
2. Alternative Long Plan:
If price breaks above 3329 and moves toward 3337, that could be a bullish breakout play. However, this is not clearly illustrated.
---
Market Context:
The chart shows resistance around 3337 and support around 3247, which creates a broader consolidation range.
Price is currently approaching the entry zone, so a breakout or rejection could happen soon.
---
Conclusion:
Most likely, this is a short setup targeting a move down from 3329 to 3310.
Keep an eye on price behavior at 3329 — a strong rejection would support the short idea, while a breakout above might invalidate it.
Let me know if you’d like help turning this into a risk/reward calculation or want to explore bullish scenarios.
Trade active
TP 1 DONETrade closed: target reached
FINAL TP DONE
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Forex Gold & Crypto Signals with
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t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
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Gold Signals with peoper TP & SL for
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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.
Join telegram free...
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
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.