The chart you've provided shows a bearish flag pattern in the Gold Spot (XAU/USD) 15-minute timeframe. Here’s a breakdown of the trading setup shown:
Entry Line (Green): Around 3,235 USD — indicating a short/sell entry point once the price breaks below the flag.
Stop Loss Line (Red): Around 3,250 USD — placed above the flag’s upper boundary to limit losses.
Take Profit Line (Blue): Around 3,205 USD — suggesting a target price based on the measured move from the previous drop before the flag.
This is a classic bearish continuation setup, suggesting that after a consolidation in the rising flag channel, the price is likely to resume its prior downtrend.
Let me know if you'd like help with risk-reward calculations, trade management, or identifying similar patterns.
Entry Line (Green): Around 3,235 USD — indicating a short/sell entry point once the price breaks below the flag.
Stop Loss Line (Red): Around 3,250 USD — placed above the flag’s upper boundary to limit losses.
Take Profit Line (Blue): Around 3,205 USD — suggesting a target price based on the measured move from the previous drop before the flag.
This is a classic bearish continuation setup, suggesting that after a consolidation in the rising flag channel, the price is likely to resume its prior downtrend.
Let me know if you'd like help with risk-reward calculations, trade management, or identifying similar patterns.
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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.