Mr_Jackson722

Mr_Jackson722

- The chart is displayed on a mobile app, likely used for trading or technical analysis. - The chart shows a downward trend, with a series of red and green bars indicating price movements. - A black line connects several points on the chart, forming a triangle shape. - Two yellow boxes are overlaid on the chart: - "Stop loss" is written in one box, indicating...

Mr_Jackson722

Xauusd Parallel Channel in 15M Each candlestick represents 15 minutes of price action. Instrument: Gold Spot vs US Dollar (XAUUSD). 2. Price Channel: The price is moving within a descending channel (highlighted in blue), which indicates a short-term downtrend. The upper boundary (resistance) and lower boundary (support) define the range. 3. Current...

Mr_Jackson722

Trend: The asset is in a clear short-term uptrend, staying within a rising channel. Support Zone: Price is currently testing the lower channel support, a common place for bullish reversals if the channel remains intact. Resistance Zone: There is a horizontal resistance area marked in gray around the $3,340–$3,360 range, which aligns with prior price...

Mr_Jackson722 Updated 

XAUUSD CHART ANALYSIS IN 15M Price Movement The chart shows a descending channel (highlighted in blue), indicating a downtrend. Gold price has been making lower highs and lower lows, consistent with a bearish pattern Trend Analysis The channel indicates that sellers are in control, pushing prices gradually lower. Until there’s a breakout above the upper...