This is a 4-hour chart for Gold Spot/USD (XAU/USD), and the analysis appears to be setting up a potential short (sell) trade. Here's a breakdown of the key elements:
📊 Key Levels Highlighted:
🔴 Sell Zones:
Strong Level for Selling (~3,359.98)
Marked as a high-probability area for price rejection.
Aligns with a bearish Fair Value Gap (FVG D).
Also meets a descending trendline resistance.
Temporary Level for Selling (~3,326.01)
Could act as a short-term resistance if the price fails to break higher.
🟢 Support Zones:
Resistance Become Support (~3,255 range)
This zone was previously resistance and has now flipped to support.
Price recently bounced from this area.
Lower Support Zone (~3,208.61)
Final support area marked as "resistance" from a historical perspective.
Could be a take profit area for a short trade.
🔺 Price Action Setup:
Current Price: 3,316.15
Plan:
Wait for price to reach the strong sell level.
If it shows signs of rejection (e.g. bearish candle patterns or divergence), a short trade could be entered.
Stop Loss: Above the red zone (around 3,392.65).
Take Profit: At or around 3,208.61.
🧠 Analysis Summary:
This is a bearish bias setup based on:
Fair Value Gap (FVG)
Trendline resistance
Supply zone
Previous structure (support/resistance)
📊 Key Levels Highlighted:
🔴 Sell Zones:
Strong Level for Selling (~3,359.98)
Marked as a high-probability area for price rejection.
Aligns with a bearish Fair Value Gap (FVG D).
Also meets a descending trendline resistance.
Temporary Level for Selling (~3,326.01)
Could act as a short-term resistance if the price fails to break higher.
🟢 Support Zones:
Resistance Become Support (~3,255 range)
This zone was previously resistance and has now flipped to support.
Price recently bounced from this area.
Lower Support Zone (~3,208.61)
Final support area marked as "resistance" from a historical perspective.
Could be a take profit area for a short trade.
🔺 Price Action Setup:
Current Price: 3,316.15
Plan:
Wait for price to reach the strong sell level.
If it shows signs of rejection (e.g. bearish candle patterns or divergence), a short trade could be entered.
Stop Loss: Above the red zone (around 3,392.65).
Take Profit: At or around 3,208.61.
🧠 Analysis Summary:
This is a bearish bias setup based on:
Fair Value Gap (FVG)
Trendline resistance
Supply zone
Previous structure (support/resistance)
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
Penerbitan berkaitan
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.