EA GOLD MAN XAUUSD
Entry Point: $3,235.94
Stop Loss: $3,235.94 (above current price, suggesting a SELL trade)
Target Points:
EA Target Point (Downside): $2,974.71 (Short target)
EA Target Point (Upside): $3,505.03 (Long target — likely alternate scenario)
Resistance Level: $3,121.49
Nearby Support Zone: Around $3,000–$2,975
📉 Trade Strategy Implied
This appears to be a short position setup:
Sell at: ~$3,220–$3,235
Stop Loss: $3,235.94
Take Profit: $2,974.71
Risk/Reward Ratio: ~1:3 (very favorable setup if thesis holds)
The upside target ($3,505.03) might be for a different scenario — if price reverses and breaks above resistance.
🧠 Market Structure Observations
Trend: A bearish break from a previous ascending channel.
Momentum: Price has bounced slightly after hitting support, but the moving averages suggest bearish momentum may persist.
Key Risk: If price breaks above $3,236 convincingly, it could invalidate the short setup and trigger a bullish run.
📌 Summary
Bias: Bearish (based on current setup)
Setup: Short with tight stop above resistance
Confirmation Needed: Watch for rejection at the $3,220–$3,236 zone and a breakdown below $3,200 for follow-through.
Entry Point: $3,235.94
Stop Loss: $3,235.94 (above current price, suggesting a SELL trade)
Target Points:
EA Target Point (Downside): $2,974.71 (Short target)
EA Target Point (Upside): $3,505.03 (Long target — likely alternate scenario)
Resistance Level: $3,121.49
Nearby Support Zone: Around $3,000–$2,975
📉 Trade Strategy Implied
This appears to be a short position setup:
Sell at: ~$3,220–$3,235
Stop Loss: $3,235.94
Take Profit: $2,974.71
Risk/Reward Ratio: ~1:3 (very favorable setup if thesis holds)
The upside target ($3,505.03) might be for a different scenario — if price reverses and breaks above resistance.
🧠 Market Structure Observations
Trend: A bearish break from a previous ascending channel.
Momentum: Price has bounced slightly after hitting support, but the moving averages suggest bearish momentum may persist.
Key Risk: If price breaks above $3,236 convincingly, it could invalidate the short setup and trigger a bullish run.
📌 Summary
Bias: Bearish (based on current setup)
Setup: Short with tight stop above resistance
Confirmation Needed: Watch for rejection at the $3,220–$3,236 zone and a breakdown below $3,200 for follow-through.
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Disclaimer
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.