Bearish setup on XAUUSD (Gold vs. USD) with a strong indication for a potential short/sell opportunity based on several technical signals:
Key Observations:
Three Black Crows Pattern:
Clearly marked and highlighted on the chart.
This is a classic bearish reversal pattern indicating strong selling pressure.
Break of Neckline:
The price has broken below a previously established neckline area, confirming bearish momentum.
Support Becomes Resistance:
The neckline zone (~$3350.880) is now acting as resistance after the breakdown, further validating the short setup.
Target Levels:
Support S1 around $3330.
Support 2 near $3311.354 – likely the final target area for the sell projection.
Stop Loss Zone:
Clearly marked at $3362.631, above the broken support (now resistance).
Summary:
Entry Zone: Around current price (~$3344)
Stop Loss: $3362.63
Take Profit Zones:
TP1: ~$3330 (Support S1)
TP2: ~$3311.35 (Support 2) bearish setup on XAUUSD (Gold vs. USD) with a strong indication for a potential short/sell opportunity based on several technical signals:
Key Observations:
Three Black Crows Pattern:
Clearly marked and highlighted on the chart.
This is a classic bearish reversal pattern indicating strong selling pressure.
Break of Neckline:
The price has broken below a previously established neckline area, confirming bearish momentum.
Support Becomes Resistance:
The neckline zone (~$3350.880) is now acting as resistance after the breakdown, further validating the short setup.
Target Levels:
Support S1 around $3330.
Support 2 near $3311.354 – likely the final target area for the sell projection.
Stop Loss Zone:
Clearly marked at $3362.631, above the broken support (now resistance).
Summary:
Entry Zone: Around current price (~$3344)
Stop Loss: $3362.63
Take Profit Zones:
TP1: ~$3330 (Support S1)
TP2: ~$3311.35 (Support 2)
Key Observations:
Three Black Crows Pattern:
Clearly marked and highlighted on the chart.
This is a classic bearish reversal pattern indicating strong selling pressure.
Break of Neckline:
The price has broken below a previously established neckline area, confirming bearish momentum.
Support Becomes Resistance:
The neckline zone (~$3350.880) is now acting as resistance after the breakdown, further validating the short setup.
Target Levels:
Support S1 around $3330.
Support 2 near $3311.354 – likely the final target area for the sell projection.
Stop Loss Zone:
Clearly marked at $3362.631, above the broken support (now resistance).
Summary:
Entry Zone: Around current price (~$3344)
Stop Loss: $3362.63
Take Profit Zones:
TP1: ~$3330 (Support S1)
TP2: ~$3311.35 (Support 2) bearish setup on XAUUSD (Gold vs. USD) with a strong indication for a potential short/sell opportunity based on several technical signals:
Key Observations:
Three Black Crows Pattern:
Clearly marked and highlighted on the chart.
This is a classic bearish reversal pattern indicating strong selling pressure.
Break of Neckline:
The price has broken below a previously established neckline area, confirming bearish momentum.
Support Becomes Resistance:
The neckline zone (~$3350.880) is now acting as resistance after the breakdown, further validating the short setup.
Target Levels:
Support S1 around $3330.
Support 2 near $3311.354 – likely the final target area for the sell projection.
Stop Loss Zone:
Clearly marked at $3362.631, above the broken support (now resistance).
Summary:
Entry Zone: Around current price (~$3344)
Stop Loss: $3362.63
Take Profit Zones:
TP1: ~$3330 (Support S1)
TP2: ~$3311.35 (Support 2)
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.