Looking at the chart you’ve provided for Gold (XAU/USD) on the 15-minute timeframe, here's a short (sell) trade idea based on the current price action and structure:
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📉 Short Trade Idea
Entry (Sell): Around 3,328.930 (current price)
Stop Loss (SL): Above 3,345.70
This is just above the recent minor resistance level shown in red zone, where price previously rejected.
Take Profit (TP):
Conservative target: 3,305.40 (first green support zone)
Aggressive target: 3,291.00 or even 3,270.00 (next support levels)
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🧠 Reasoning Behind the Trade:
1. Breakdown Confirmation: Recent price action shows a sharp drop and then a pullback. This could be a retest of broken support turning into resistance.
2. Bearish Momentum: Sellers are in control as shown by the large red candle and failure to reclaim highs.
3. Risk-to-Reward Ratio: The setup offers a good R:R if targeting below 3,305 while keeping SL just above the retest zone.
---
⚠️ Risk Management Tips:
Don't risk more than 1-2% of your capital.
Monitor for bullish rejection near your SL to consider an early exit if needed.
Would you like a visual markup or a trading plan written out like a checklist?
---
📉 Short Trade Idea
Entry (Sell): Around 3,328.930 (current price)
Stop Loss (SL): Above 3,345.70
This is just above the recent minor resistance level shown in red zone, where price previously rejected.
Take Profit (TP):
Conservative target: 3,305.40 (first green support zone)
Aggressive target: 3,291.00 or even 3,270.00 (next support levels)
---
🧠 Reasoning Behind the Trade:
1. Breakdown Confirmation: Recent price action shows a sharp drop and then a pullback. This could be a retest of broken support turning into resistance.
2. Bearish Momentum: Sellers are in control as shown by the large red candle and failure to reclaim highs.
3. Risk-to-Reward Ratio: The setup offers a good R:R if targeting below 3,305 while keeping SL just above the retest zone.
---
⚠️ Risk Management Tips:
Don't risk more than 1-2% of your capital.
Monitor for bullish rejection near your SL to consider an early exit if needed.
Would you like a visual markup or a trading plan written out like a checklist?
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Disclaimer
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signals pirovidar and analysis
👇👇👇👇👇👇👇👇
t.me/+hFs_76f2iZo3OGE0
t.me/+hFs_76f2iZo3OGE0
👇👇👇👇👇👇👇👇
t.me/+hFs_76f2iZo3OGE0
t.me/+hFs_76f2iZo3OGE0
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.