The chart you've provided is a 4-hour timeframe analysis for Gold (XAU/USD) with a bearish outlook based on a resistance and support zone strategy. Here's a summary of the setup:
Analysis Summary:
Resistance Area: Around the 3386–3450 USD level.
Support Area (Bearish Zone): Around the 3300–3350 USD level.
Pattern: Double/triple top or distribution formation suggesting bearish momentum if support breaks.
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Trade Setup (Short Position):
Entry Zone: Near the 3380–3390 level (current price vicinity).
Stop Loss: Above 3450 USD.
Take Profit Levels:
TP1: 3350 USD
TP2: 3300 USD
TP3: 3250 USD
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Interpretation:
The chart assumes a bearish reversal after multiple rejections at resistance.
The confirmation would come from a break below the support level (~3350).
The red arrow indicates expected downward momentum if the support fails.
Analysis Summary:
Resistance Area: Around the 3386–3450 USD level.
Support Area (Bearish Zone): Around the 3300–3350 USD level.
Pattern: Double/triple top or distribution formation suggesting bearish momentum if support breaks.
---
Trade Setup (Short Position):
Entry Zone: Near the 3380–3390 level (current price vicinity).
Stop Loss: Above 3450 USD.
Take Profit Levels:
TP1: 3350 USD
TP2: 3300 USD
TP3: 3250 USD
---
Interpretation:
The chart assumes a bearish reversal after multiple rejections at resistance.
The confirmation would come from a break below the support level (~3350).
The red arrow indicates expected downward momentum if the support fails.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Don't go anywhere Just stay tuned My Channel getting more accurate signal Daily
professional Trader
professional Trader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.