This chart shows a clear bearish price action for Gold (XAUUSD) on the 30-minute timeframe. Here’s a breakdown of the setup:
Pattern: The orange circles and zigzag lines highlight a double top pattern, indicating potential bearish reversal signals.
Support line (around 3,212 USD): This is the key level to watch for a bounce or a breakdown.
Stop Loss (around 3,236 USD): Positioned just above the recent swing highs, to limit losses if price reverses upward.
Take Profit (around 3,212 USD): Targeting the next major support zone for a short trade.
Current Price: 3,224.78 USD — it’s already moving downward toward the take profit zone.
Trade Setup:
This looks like a short (sell) position.
Entry likely happened after the
Pattern: The orange circles and zigzag lines highlight a double top pattern, indicating potential bearish reversal signals.
Support line (around 3,212 USD): This is the key level to watch for a bounce or a breakdown.
Stop Loss (around 3,236 USD): Positioned just above the recent swing highs, to limit losses if price reverses upward.
Take Profit (around 3,212 USD): Targeting the next major support zone for a short trade.
Current Price: 3,224.78 USD — it’s already moving downward toward the take profit zone.
Trade Setup:
This looks like a short (sell) position.
Entry likely happened after the
Trade attivo
trade active 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.