The chart you've provided is a 4-hour timeframe analysis for Gold (XAU/USD) with a bearish outlook based on a resistance and support zone strategy. Here's a summary of the setup:
Analysis Summary:
Resistance Area: Around the 3386–3450 USD level.
Support Area (Bearish Zone): Around the 3300–3350 USD level.
Pattern: Double/triple top or distribution formation suggesting bearish momentum if support breaks.
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Trade Setup (Short Position):
Entry Zone: Near the 3380–3390 level (current price vicinity).
Stop Loss: Above 3450 USD.
Take Profit Levels:
TP1: 3350 USD
TP2: 3300 USD
TP3: 3250 USD
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Interpretation:
The chart assumes a bearish reversal after multiple rejections at resistance.
The confirmation would come from a break below the support level (~3350).
The red arrow indicates expected downward momentum if the support fails.
Analysis Summary:
Resistance Area: Around the 3386–3450 USD level.
Support Area (Bearish Zone): Around the 3300–3350 USD level.
Pattern: Double/triple top or distribution formation suggesting bearish momentum if support breaks.
---
Trade Setup (Short Position):
Entry Zone: Near the 3380–3390 level (current price vicinity).
Stop Loss: Above 3450 USD.
Take Profit Levels:
TP1: 3350 USD
TP2: 3300 USD
TP3: 3250 USD
---
Interpretation:
The chart assumes a bearish reversal after multiple rejections at resistance.
The confirmation would come from a break below the support level (~3350).
The red arrow indicates expected downward momentum if the support fails.
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Don't go anywhere Just stay tuned My Channel getting more accurate signal Daily
professional Trader
professional Trader
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.