Based on your chart labeled "XAUUSD 1 Hour Time Analysis", here's a breakdown of the technical setup and analysis:
Chart Summary
Instrument: XAU/USD (Gold vs. US Dollar)
Timeframe: 1-Hour
Current Price: ~3,311.140
Trend Context: Bearish move followed by a short-term bullish correction.
Technical Elements on the Chart
1. Bearish Trend:
Strong downward trend before a corrective upward move.
Price retraced to around the 85% Fibonacci level (0.8529), suggesting a deep retracement but still within the correction zone.
2. Bear Flag / Rising Wedge Pattern:
The rising channel (shaded blue) typically indicates a bearish continuation pattern.
Price is approaching resistance near previous support zones and EMAs.
3. Entry Point:
Marked around the current price (~3,311) where price is testing the upper resistance of the wedge.
The analysis suggests entering a short (sell) trade here.
4. Stop Loss Zone:
Placed slightly above the wedge (~3,327–3,338), above a possible fake-out zone.
This gives room in case of a temporary spike before a drop.
5. Final Target:
Marked at around 3,259.887, which aligns with a prior support level and completes the measured move of the wedge breakdown.
Trade Setup Summary
Direction: Short (Sell)
Entry: ~3,311
Stop Loss: ~3,327–3,338
Take Profit (Target): ~3,259
Risk/Reward: Favorable (approx. 1:2.5 to 1:3 ratio)
Supporting Indicators
EMA clusters and downward-sloping moving averages suggest the overall momentum is still bearish.
The retracement and potential reversal zone corresponds with dynamic resistance.
Chart Summary
Instrument: XAU/USD (Gold vs. US Dollar)
Timeframe: 1-Hour
Current Price: ~3,311.140
Trend Context: Bearish move followed by a short-term bullish correction.
Technical Elements on the Chart
1. Bearish Trend:
Strong downward trend before a corrective upward move.
Price retraced to around the 85% Fibonacci level (0.8529), suggesting a deep retracement but still within the correction zone.
2. Bear Flag / Rising Wedge Pattern:
The rising channel (shaded blue) typically indicates a bearish continuation pattern.
Price is approaching resistance near previous support zones and EMAs.
3. Entry Point:
Marked around the current price (~3,311) where price is testing the upper resistance of the wedge.
The analysis suggests entering a short (sell) trade here.
4. Stop Loss Zone:
Placed slightly above the wedge (~3,327–3,338), above a possible fake-out zone.
This gives room in case of a temporary spike before a drop.
5. Final Target:
Marked at around 3,259.887, which aligns with a prior support level and completes the measured move of the wedge breakdown.
Trade Setup Summary
Direction: Short (Sell)
Entry: ~3,311
Stop Loss: ~3,327–3,338
Take Profit (Target): ~3,259
Risk/Reward: Favorable (approx. 1:2.5 to 1:3 ratio)
Supporting Indicators
EMA clusters and downward-sloping moving averages suggest the overall momentum is still bearish.
The retracement and potential reversal zone corresponds with dynamic resistance.
Trade closed: stop reached
Sorry guys stop loss hit know ready for next target.
Best Analysis xauusd single
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VIP PREMIMUM ANALYSIS ROOM SIGNALS
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t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
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Disclaimer
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Best Analysis xauusd single
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
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.