This is a 4-hour chart for XAUUSD (Gold Spot vs US Dollar) showing a technical analysis setup:
1. Current Price:
Sell: 3,238.70
Buy: 3,239.00
2. Marked Levels:
There's a red shaded area labeled "ENTRY ZONE" between 3,272.81 and 3,273.79.
This zone likely acts as a resistance or pullback area where a sell entry is being considered.
3. Market Structure:
Price previously moved up strongly (bullish), but now it’s forming lower highs and lower lows, indicating a bearish trend.
A projected path is drawn showing that price might go back up into the entry zone and then drop further — with a potential target near 3,009.75.
4. Bias:
The overall bias shown in the chart is bearish.
It suggests a sell opportunity in the entry zone, expecting price to fall after a short-term pullback.
If you want, I can help you build a full trade plan (entry, stop loss, and take profit) based on this chart too. Just let me know!
1. Current Price:
Sell: 3,238.70
Buy: 3,239.00
2. Marked Levels:
There's a red shaded area labeled "ENTRY ZONE" between 3,272.81 and 3,273.79.
This zone likely acts as a resistance or pullback area where a sell entry is being considered.
3. Market Structure:
Price previously moved up strongly (bullish), but now it’s forming lower highs and lower lows, indicating a bearish trend.
A projected path is drawn showing that price might go back up into the entry zone and then drop further — with a potential target near 3,009.75.
4. Bias:
The overall bias shown in the chart is bearish.
It suggests a sell opportunity in the entry zone, expecting price to fall after a short-term pullback.
If you want, I can help you build a full trade plan (entry, stop loss, and take profit) based on this chart too. Just let me know!
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.