Gold (XAUUSD) is currently trading around 3049 after bouncing strongly from the highlighted support zone near 2950. Price is now testing the 2st resistance area, and a rejection here could lead to a bearish move toward the target zone just below.
🔻 XAUUSD Bearish Trade Plan
Entry Zone: 3045–3050
1st Target: 3030
2nd Target: 3015
Stop-Loss: Above 3060 (just above recent highs and the edge of the 2nd resistance zone)
🛡️ Why 3060 as Stop-Loss?
It's above both the 1st and 2nd resistance zones.
If price breaks above 3060 with momentum, it could signal buyers are in control and invalidate the short setup.
This gives you about 30–35 pips of risk for a potential 30–35 pips gain to the 1st target, and up to 60–65 pips to the 2nd — offering a solid risk-to-reward ratio.
🔻 XAUUSD Bearish Trade Plan
Entry Zone: 3045–3050
1st Target: 3030
2nd Target: 3015
Stop-Loss: Above 3060 (just above recent highs and the edge of the 2nd resistance zone)
🛡️ Why 3060 as Stop-Loss?
It's above both the 1st and 2nd resistance zones.
If price breaks above 3060 with momentum, it could signal buyers are in control and invalidate the short setup.
This gives you about 30–35 pips of risk for a potential 30–35 pips gain to the 1st target, and up to 60–65 pips to the 2nd — offering a solid risk-to-reward ratio.
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Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.
🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.