🧠 Chart Analysis Summary:
Current Price: Around 3,240.610.
Resistance Zone: 3,256 – 3,264 (highlighted in orange).
Support Zone: Around 3,220 (highlighted with a green target).
Chart Pattern: Looks like a possible liquidity grab above before a potential sell-off (indicated by the hand-drawn zig-zag upward move and large downward arrow).
🎯 Trade Setup Suggestion (Short Position):
Entry: Around 3,256 – 3,264 (wait for price to enter this supply/resistance zone).
Stop Loss (SL): Just above 3,270, ideally at 3,273 (above the marked resistance).
Take Profit (TP): Around 3,220, as marked on the chart (support area).
⛳ Summary:
Risk: ~10–15 points.
Reward: ~35–40 points.
Risk-to-Reward: Roughly 1:3, which is favorable.
Current Price: Around 3,240.610.
Resistance Zone: 3,256 – 3,264 (highlighted in orange).
Support Zone: Around 3,220 (highlighted with a green target).
Chart Pattern: Looks like a possible liquidity grab above before a potential sell-off (indicated by the hand-drawn zig-zag upward move and large downward arrow).
🎯 Trade Setup Suggestion (Short Position):
Entry: Around 3,256 – 3,264 (wait for price to enter this supply/resistance zone).
Stop Loss (SL): Just above 3,270, ideally at 3,273 (above the marked resistance).
Take Profit (TP): Around 3,220, as marked on the chart (support area).
⛳ Summary:
Risk: ~10–15 points.
Reward: ~35–40 points.
Risk-to-Reward: Roughly 1:3, which is favorable.
Trade active
Sl hit
Our telegram channel daily update here guys t.me/GOLDTRDAINGSIGNAL11
Daily signals here
Daily signals here
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.
Our telegram channel daily update here guys t.me/GOLDTRDAINGSIGNAL11
Daily signals here
Daily signals here
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.