This chart is for Gold (XAU/USD) on the 30-minute timeframe. Here's a breakdown of the analysis shown:
Pattern & Setup
The chart shows a double bottom or W pattern, indicating a potential bullish reversal.
A support zone is marked near 3,200, where the price has bounced multiple times.
The entry line is around 3,220, showing the suggested buy zone after a pullback.
The take profit zone is near 3,245–3,250, the resistance level where price previously reversed.
The stop loss zone is set below 3,200, protecting against downside risk.
Current Price Action
Price has bounced from the support zone and is approaching the entry line again, suggesting a possible buy opportunity if it holds and confirms the support.
Strategy Summary
Buy near: 3,220
Pattern & Setup
The chart shows a double bottom or W pattern, indicating a potential bullish reversal.
A support zone is marked near 3,200, where the price has bounced multiple times.
The entry line is around 3,220, showing the suggested buy zone after a pullback.
The take profit zone is near 3,245–3,250, the resistance level where price previously reversed.
The stop loss zone is set below 3,200, protecting against downside risk.
Current Price Action
Price has bounced from the support zone and is approaching the entry line again, suggesting a possible buy opportunity if it holds and confirms the support.
Strategy Summary
Buy near: 3,220
Trade active
TRADE ACTIVE
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t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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.