Entry Price: ~$3,973
Stop Loss (SL): ~$3,980.89
Take Profit (TP): ~$3,958.85
Risk-Reward Ratio: ~1:2
Market Context & Price Action:
Bearish Engulfing Pattern: The last red candle has engulfed the prior green candle near a recent swing high, suggesting potential short-term bearish momentum.
Resistance Zone: Around $3,977–$3,980, where price was rejected.
Bearish Projection Arrow: Indicates expected drop towards the TP zone around $3,958.
Support Area: ~$3,958 and $3,954 – prior levels where price has shown reactions.
Stop Loss (SL): ~$3,980.89
Take Profit (TP): ~$3,958.85
Risk-Reward Ratio: ~1:2
Market Context & Price Action:
Bearish Engulfing Pattern: The last red candle has engulfed the prior green candle near a recent swing high, suggesting potential short-term bearish momentum.
Resistance Zone: Around $3,977–$3,980, where price was rejected.
Bearish Projection Arrow: Indicates expected drop towards the TP zone around $3,958.
Support Area: ~$3,958 and $3,954 – prior levels where price has shown reactions.
Trade closed: target reached
🟡 Trade Status: XAU/USD Short – Target Hit (+280 Pips)The Gold (XAU/USD) short signal successfully reached its target, securing +280 pips.
Price followed the bearish structure as anticipated, respecting the resistance zone and delivering a solid risk-reward outcome.
✅ Result: Take Profit hit
📊 Pips Gained: +280
🟠 Status: Trade closed in profit
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.
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.