📉 Gold (XAUUSD) - Sell Setup Analysis
🕒 Timeframe: 15-Minutes
📅 Date: March 3, 2025
🔹 Key Observations:
Resistance Zone (Red Box - 2,885)
The price is approaching a strong resistance zone, previously tested as a supply area.
A trendline resistance (yellow) converges at this level, increasing the probability of rejection.
Bearish Reaction Expected
If the price fails to break above 2,885, a short position is valid.
A rejection candle in this zone could confirm the sell entry.
Entry & Risk-Reward:
Entry: Around 2,885 - 2,890 (after confirmation)
Stop-Loss: Above 2,896 (blue box)
Take-Profit:
TP1: 2,840 (first green zone)
TP2: 2,831 (major support)
Risk Management:
Maintain a proper stop-loss to protect against a breakout.
If the price closes above 2,896, invalidation of the sell setup.
🕒 Timeframe: 15-Minutes
📅 Date: March 3, 2025
🔹 Key Observations:
Resistance Zone (Red Box - 2,885)
The price is approaching a strong resistance zone, previously tested as a supply area.
A trendline resistance (yellow) converges at this level, increasing the probability of rejection.
Bearish Reaction Expected
If the price fails to break above 2,885, a short position is valid.
A rejection candle in this zone could confirm the sell entry.
Entry & Risk-Reward:
Entry: Around 2,885 - 2,890 (after confirmation)
Stop-Loss: Above 2,896 (blue box)
Take-Profit:
TP1: 2,840 (first green zone)
TP2: 2,831 (major support)
Risk Management:
Maintain a proper stop-loss to protect against a breakout.
If the price closes above 2,896, invalidation of the sell setup.
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.
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.