CHECK XAUUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAIN
This chart shows a trade setup for Gold Spot (XAU/USD) on a 2-hour timeframe. Let’s break it down:
Entry Point: Around 2,864 — marked in blue.
Stop Loss: Set at 2,874 — above recent resistance.
Take Profit Levels:
Take Profit 1: Around 2,860.
Take Profit 2: Near 2,855.
Last Target: Set at 2,845 — the final goal for this short trade.
The trade seems to be a short (sell) setup expecting the price to drop after entering at resistance. If the price moves against the trade, the stop loss will cap losses at 2,874.
Would you like help refining the strategy or discussing the logic behind these levels? Let me know!
Entry Point: Around 2,864 — marked in blue.
Stop Loss: Set at 2,874 — above recent resistance.
Take Profit Levels:
Take Profit 1: Around 2,860.
Take Profit 2: Near 2,855.
Last Target: Set at 2,845 — the final goal for this short trade.
The trade seems to be a short (sell) setup expecting the price to drop after entering at resistance. If the price moves against the trade, the stop loss will cap losses at 2,874.
Would you like help refining the strategy or discussing the logic behind these levels? Let me know!
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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.