The chart you've provided is a 15-minute time frame analysis for Gold Spot (XAU/USD), shared by a trader named @Trunicques_181. Here's a breakdown of the key points illustrated in the chart:
🔍 Chart Summary:
Current Price: ~$3,372.55
Entry Level: Around $3,365.00
Target Points:
Target 1: $3,380.00
Target 2: $3,400.00
Technical Indicators:
Ichimoku Cloud is visible and seems to act as a support zone.
The price broke out of the consolidation zone (entry level) and moved upwards.
A retracement occurred, followed by a bullish continuation—suggesting a bullish flag or continuation pattern.
🧠 Interpretation:
This chart implies a bullish outlook, aiming for higher levels with the next resistance targets at:
1. $3,380 – likely a short-term resistance or first take-profit level.
2. $3,400 – second target, potentially a more significant resistance level.
📌 Strategy Context:
Entry: Taken just as price broke above the Ichimoku cloud and past the previous consolidation.
Risk Management: Not explicitly shown, but ideally a stop loss would be set just below the entry zone or the cloud support.
Would you like help analyzing this trade setup in more depth (e.g., calculating risk/reward, backtesting similar patterns, or automating alerts)?
🔍 Chart Summary:
Current Price: ~$3,372.55
Entry Level: Around $3,365.00
Target Points:
Target 1: $3,380.00
Target 2: $3,400.00
Technical Indicators:
Ichimoku Cloud is visible and seems to act as a support zone.
The price broke out of the consolidation zone (entry level) and moved upwards.
A retracement occurred, followed by a bullish continuation—suggesting a bullish flag or continuation pattern.
🧠 Interpretation:
This chart implies a bullish outlook, aiming for higher levels with the next resistance targets at:
1. $3,380 – likely a short-term resistance or first take-profit level.
2. $3,400 – second target, potentially a more significant resistance level.
📌 Strategy Context:
Entry: Taken just as price broke above the Ichimoku cloud and past the previous consolidation.
Risk Management: Not explicitly shown, but ideally a stop loss would be set just below the entry zone or the cloud support.
Would you like help analyzing this trade setup in more depth (e.g., calculating risk/reward, backtesting similar patterns, or automating alerts)?
Trade active
Trade activeTrade closed: target reached
Runing profit
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.