1. Current Price:
$3,317.27
● Price is currently in a downtrend after a recent high.
● EMA (9) is at $3,333.80 — acting as dynamic resistance.
⚠️ Watch for potential reversal!
2. Support Zone:
📦 Blue box marked as "RBS + RBR zone!"
● This is a key support area where price might bounce.
● RBS = Resistance Becomes Support
● RBR = Rally-Base-Rally
● Expecting buyers to step in here.
3. Trade Idea:
● Buy near $3,280 - $3,270 (inside the support box)
● Stop Loss: ❌ Below $3,258.00
● Target: 🎯 $3,500.13
4. Risk-Reward Ratio:
● Target: 🟦 +205.62 points (6.25%)
● Stop: 🔻 Small risk below support
● Good R:R setup if price respects the zone!
Scenario Summary
📉 Price is retracing
⬇️ Approaching strong support zone
📈 Possible bounce to $3,500
✅ High-probability reversal area
❗ Manage risk with tight stop below zone
$3,317.27
● Price is currently in a downtrend after a recent high.
● EMA (9) is at $3,333.80 — acting as dynamic resistance.
⚠️ Watch for potential reversal!
2. Support Zone:
📦 Blue box marked as "RBS + RBR zone!"
● This is a key support area where price might bounce.
● RBS = Resistance Becomes Support
● RBR = Rally-Base-Rally
● Expecting buyers to step in here.
3. Trade Idea:
● Buy near $3,280 - $3,270 (inside the support box)
● Stop Loss: ❌ Below $3,258.00
● Target: 🎯 $3,500.13
4. Risk-Reward Ratio:
● Target: 🟦 +205.62 points (6.25%)
● Stop: 🔻 Small risk below support
● Good R:R setup if price respects the zone!
Scenario Summary
📉 Price is retracing
⬇️ Approaching strong support zone
📈 Possible bounce to $3,500
✅ High-probability reversal area
❗ Manage risk with tight stop below zone
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t.me/JaMesGoldFiGhteR786
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Related publications
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 my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
Related publications
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.