---
1. Chart Type & Timeframe
Instrument: CFDs on Gold (XAUUSD)
Timeframe: 30-minute candles
Each candlestick represents 30 minutes of price action.
---
2. Trend Channel
The two diagonal lines forming a rising channel indicate a previous uptrend.
Price respected this channel until it broke down below the lower boundary.
---
3. Recent Price Action
Gold recently rejected the upper boundary of the channel near the 3,403–3,404 level.
A sharp price drop followed, breaking below the lower trendline, indicating potential trend reversal or correction.
---
4. Trade Setup
This chart shows an active short (sell) trade setup:
Entry: Around 3,387
Stop Loss: Around 3,403 (marked in red)
Take Profit: Around 3,329 (marked in green)
Risk/Reward: Selling with expectation of further decline
---
5. Indicators & Annotations
Red shaded box: Stop loss zone (risk area)
Green shaded box: Target zone (reward area)
Horizontal lines: Entry, stop loss, and take profit levels
Orange circle: A potential key resistance/reversal point
---
1. Chart Type & Timeframe
Instrument: CFDs on Gold (XAUUSD)
Timeframe: 30-minute candles
Each candlestick represents 30 minutes of price action.
---
2. Trend Channel
The two diagonal lines forming a rising channel indicate a previous uptrend.
Price respected this channel until it broke down below the lower boundary.
---
3. Recent Price Action
Gold recently rejected the upper boundary of the channel near the 3,403–3,404 level.
A sharp price drop followed, breaking below the lower trendline, indicating potential trend reversal or correction.
---
4. Trade Setup
This chart shows an active short (sell) trade setup:
Entry: Around 3,387
Stop Loss: Around 3,403 (marked in red)
Take Profit: Around 3,329 (marked in green)
Risk/Reward: Selling with expectation of further decline
---
5. Indicators & Annotations
Red shaded box: Stop loss zone (risk area)
Green shaded box: Target zone (reward area)
Horizontal lines: Entry, stop loss, and take profit levels
Orange circle: A potential key resistance/reversal point
---
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
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.