Gold is still in the bearish trend read caption..Hello fellow trader I have caught the Gold with this setup and I think the Trend is bearish. What are your reviews about it share your thoughts in comment section.
All I have prepared is in the chart and it is a 4-hour chart for XAU/USD
Key features include:
Highest Peak Point : Identifies a major resistance level.
Resistance Zone : Near the top of the channel.
Rangebound Areas : Highlight price consolidation zones.
Support Zone : Near the bottom of the channel.
Target and SL Area : Indicates potential short trade setups with defined stop-loss and target levels.
Gold Sell entry from $2651
TP1; $2646
TP2; $2642
TP3; $2638
SL at $2663
Note; This is for educational purposes only not a trading advice.
I prefer to trade with profit assurance and keeping market movement in mind.
Kindly support me like, comment and share my ideas with your friends.