Sell Setup Details
- **Entry Point (Sell at):** 3221
The current price of Gold (XAU/USD) is near $3221, and this is where you would initiate the sell position.
- **Target Price:** 3200
The target for the trade is $3200, where you expect the price to reach. This is your profit-taking point.
- **Stop Loss (SL):** 3230
Set your stop loss at $3230 to limit potential losses. If the price rises above this level, the position will be closed to prevent further losses.
- **Support Level:** 3219
The support level is at $3219. If the price drops near this level, it could hold, potentially causing a reversal upward.
- **Resistance Level:** 3231
The resistance level is at $3231. If the price approaches this level, it may face difficulty moving higher, confirming the strength of the selling pressure.
This setup suggests a short-term bearish view on gold, with a relatively tight stop loss and clear target based on current price action and key levels.https://www.tradingview.com/x/QDAE5cpA/
- **Entry Point (Sell at):** 3221
The current price of Gold (XAU/USD) is near $3221, and this is where you would initiate the sell position.
- **Target Price:** 3200
The target for the trade is $3200, where you expect the price to reach. This is your profit-taking point.
- **Stop Loss (SL):** 3230
Set your stop loss at $3230 to limit potential losses. If the price rises above this level, the position will be closed to prevent further losses.
- **Support Level:** 3219
The support level is at $3219. If the price drops near this level, it could hold, potentially causing a reversal upward.
- **Resistance Level:** 3231
The resistance level is at $3231. If the price approaches this level, it may face difficulty moving higher, confirming the strength of the selling pressure.
This setup suggests a short-term bearish view on gold, with a relatively tight stop loss and clear target based on current price action and key levels.https://www.tradingview.com/x/QDAE5cpA/
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.