This is a 1-hour chart of Gold (XAU/USD) from TradingView, showing technical analysis for a potential short (sell) trade setup. Here’s what it means:
1. Uptrend Channel Break – The price was moving within an ascending channel (marked by blue trendlines) but recently broke below it.
2. Resistance Rejection – A resistance zone (red horizontal line) around 2,930 was tested but failed to break higher, leading to a potential reversal.
3. Head and Shoulders Pattern? – The highlighted circle might indicate a reversal pattern (like a head and shoulders or double top).
4. Sell Setup – The red area represents the stop-loss zone above resistance, while the green area represents the take-profit target around 2,897.
5. Bearish Expectation – The blue arrow suggests the analyst expects gold to drop in price.
This means the trader is looking for a downward move after the breakdown, with a target lower than the current price. Do you want to share this setup with your audience?
1. Uptrend Channel Break – The price was moving within an ascending channel (marked by blue trendlines) but recently broke below it.
2. Resistance Rejection – A resistance zone (red horizontal line) around 2,930 was tested but failed to break higher, leading to a potential reversal.
3. Head and Shoulders Pattern? – The highlighted circle might indicate a reversal pattern (like a head and shoulders or double top).
4. Sell Setup – The red area represents the stop-loss zone above resistance, while the green area represents the take-profit target around 2,897.
5. Bearish Expectation – The blue arrow suggests the analyst expects gold to drop in price.
This means the trader is looking for a downward move after the breakdown, with a target lower than the current price. Do you want to share this setup with your audience?
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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.
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.