This chart shows a technical analysis setup for trading Gold (CFDs on Gold, US$/OZ) on a 30-minute timeframe. Here's a breakdown of what it's suggesting:
Current Price: Around 3,386.090
Pattern: Inverse Head and Shoulders (suggesting a bullish reversal)
Trade Setup:
Entry: Around current levels (near neckline breakout)
Take Profit (TP): Around 3,471.020
Stop Loss (SL): Around 3,364.301
Interpretation:
The trader expects the price to rise after breaking above the neckline of the inverse head and shoulders pattern, targeting the previous high. The risk is defined by the SL zone just below the recent low.
Would you like help calculating the risk-to-reward ratio or a deeper analysis of the pattern?
Current Price: Around 3,386.090
Pattern: Inverse Head and Shoulders (suggesting a bullish reversal)
Trade Setup:
Entry: Around current levels (near neckline breakout)
Take Profit (TP): Around 3,471.020
Stop Loss (SL): Around 3,364.301
Interpretation:
The trader expects the price to rise after breaking above the neckline of the inverse head and shoulders pattern, targeting the previous high. The risk is defined by the SL zone just below the recent low.
Would you like help calculating the risk-to-reward ratio or a deeper analysis of the pattern?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.