I’m eyeing a potential short setup on XAU/USD around the key resistance zone of 3441, where I expect price exhaustion and reversal.
Entry Zone: 3441 (Key Resistance Zone)
Take Profit: 3154
Stop Loss: Set above 3455 to manage risk (depending on confirmation signals)
Rationale:
Price nearing a major resistance area (3441), historically acting as a zone
Look for bearish reversal patterns (e.g., bearish engulfing, double top) or confirmation on lower timeframes before entering
TP at 3154 aligns with strong historical support and possible retracement levels
Note: Wait for confirmation before entering. No trade is 100%—manage your risk.
Entry Zone: 3441 (Key Resistance Zone)
Take Profit: 3154
Stop Loss: Set above 3455 to manage risk (depending on confirmation signals)
Rationale:
Price nearing a major resistance area (3441), historically acting as a zone
Look for bearish reversal patterns (e.g., bearish engulfing, double top) or confirmation on lower timeframes before entering
TP at 3154 aligns with strong historical support and possible retracement levels
Note: Wait for confirmation before entering. No trade is 100%—manage your risk.
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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.
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.