This chart represents a potential sell (short) trade setup on Gold (XAU/USD) based on a descending triangle pattern. Here’s a breakdown of key elements:
Trendline Resistance (Trade Line): Price has been forming lower highs, respecting a descending trendline.
Support Zone (Entry Area): A horizontal support zone is marked in blue. Price has tested this area multiple times.
Breakout and Entry: A break and close below the blue support zone is the entry trigger for a short position.
Target Zone: The yellow box below the support is the projected target, based on the height of the pattern.
Stop Loss (SL): Suggested just above the blue support zone or the most recent swing high for optimal risk management.
Trading Plan:
Sell Entry: After clear breakdown below the blue support box
Target: As indicated by the yellow zone around 3,200 (estimated)
Stop Loss: Just above the broken support or trendline, ideally near 3,300
Trendline Resistance (Trade Line): Price has been forming lower highs, respecting a descending trendline.
Support Zone (Entry Area): A horizontal support zone is marked in blue. Price has tested this area multiple times.
Breakout and Entry: A break and close below the blue support zone is the entry trigger for a short position.
Target Zone: The yellow box below the support is the projected target, based on the height of the pattern.
Stop Loss (SL): Suggested just above the blue support zone or the most recent swing high for optimal risk management.
Trading Plan:
Sell Entry: After clear breakdown below the blue support box
Target: As indicated by the yellow zone around 3,200 (estimated)
Stop Loss: Just above the broken support or trendline, ideally near 3,300
Trade active
Trade Active From 3291 Now Gold Touch 3234 570 pips Running in profit and wait for my Target 3200
Note
gold touch3225 further we got 660 pips profit in Running Trade closed: target reached
Sell Entry : 3285Target Point : 3200 (almost complete)
profit running 840+ pips
Note
Target Almost Done 
FREE Trading Signals ..
t.me/Smart_Money_Trader_SMC
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/TradingViewAccurate786
t.me/Smart_Money_Trader_SMC
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/TradingViewAccurate786
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.
FREE Trading Signals ..
t.me/Smart_Money_Trader_SMC
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/TradingViewAccurate786
t.me/Smart_Money_Trader_SMC
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/TradingViewAccurate786
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.