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.
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.
Trade closed: stop reached
stoploss reached
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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.
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.