This chart you shared shows a bearish pattern setup for Gold (XAU/USD) on the 15-minute timeframe.
Here's a quick breakdown:
Pattern: It looks like a triple top or lower high formation.
Entry Line: Around 3,311 USD.
Stop Loss Line: Above the previous highs, around 3,370–3,380 USD.
Take Profit Line: Near 3,270 USD, aligning with prior support.
The black arrows indicate an expected downward move after entry. It’s a classic setup aiming for a good risk/reward ratio.
Would
Here's a quick breakdown:
Pattern: It looks like a triple top or lower high formation.
Entry Line: Around 3,311 USD.
Stop Loss Line: Above the previous highs, around 3,370–3,380 USD.
Take Profit Line: Near 3,270 USD, aligning with prior support.
The black arrows indicate an expected downward move after entry. It’s a classic setup aiming for a good risk/reward ratio.
Would
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.