XAU/USD on the 1-hour chart technical analysis . short setup

The price started with a strong upward trend from a support level around May 4, reaching a resistance zone near 3,430–3,440. After hitting that resistance, the price reversed and started forming a downward trend with lower highs and lower lows.
The chart suggests a short (sell) trade setup around the 3,325–3,330 area, with a stop loss above 3,347 and a take profit around 3,275. This setup is based on the expectation that the price will continue to fall after failing to break the resistance zone.
The chart suggests a short (sell) trade setup around the 3,325–3,330 area, with a stop loss above 3,347 and a take profit around 3,275. This setup is based on the expectation that the price will continue to fall after failing to break the resistance zone.
Dagangan ditutup: sasaran tercapai
The XAU/USD price reversed from a support area and entered a strong uptrend, reaching a resistance level around 3,420 to 3,440. After multiple rejections at this resistance, the price formed a bearish structure and broke below a key support level around 3,275. A short position was taken below 3,325 with a stop loss near 3,347 and a target at 3,225. The target was successfully reached, confirming the bearish move.Penafian
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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.