This chart represents a Gold (XAU/USD) 1-hour timeframe with a clear short trade setup. Here's a breakdown of the key elements shown:
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Chart Overview
Instrument: Gold vs US Dollar (XAU/USD)
Timeframe: 1-hour
Price at the time of snapshot: $3,344.535
Date: July 1, 2025
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Trade Idea
Type: Short (Sell) Setup
Entry Line
Around $3,344.882 — price has just hit this resistance level and is starting to reverse.
This is a potential resistance zone where sellers might take control.
Target 1
$3,326.265
First take-profit level, likely previous support or mid-range level.
Final Target
$3,310.130
Stronger support level and potential final profit-taking zone.
---
Technical Notes
The chart shows a sharp rally upward, suggesting a potential retracement or correction is due.
The resistance line (entry zone) has held in the past, confirming its validity.
A double top or rejection pattern may be forming near the entry line.
The downward arrows suggest an expected bearish movement.
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Strategy Summary
Sell near the Entry Line ($3,344.882)
Take Profit 1: $3,326.265
Take Profit 2 (Final Target): $3,310.130
Stop Loss: Likely just above the resistance (e.g., ~$3,360 or higher depending on your risk tolerance)
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Would you like help estimating the risk/reward ratio or backtesting this kind of setup?
---
Chart Overview
Instrument: Gold vs US Dollar (XAU/USD)
Timeframe: 1-hour
Price at the time of snapshot: $3,344.535
Date: July 1, 2025
---
Trade Idea
Type: Short (Sell) Setup
Entry Line
Around $3,344.882 — price has just hit this resistance level and is starting to reverse.
This is a potential resistance zone where sellers might take control.
Target 1
$3,326.265
First take-profit level, likely previous support or mid-range level.
Final Target
$3,310.130
Stronger support level and potential final profit-taking zone.
---
Technical Notes
The chart shows a sharp rally upward, suggesting a potential retracement or correction is due.
The resistance line (entry zone) has held in the past, confirming its validity.
A double top or rejection pattern may be forming near the entry line.
The downward arrows suggest an expected bearish movement.
---
Strategy Summary
Sell near the Entry Line ($3,344.882)
Take Profit 1: $3,326.265
Take Profit 2 (Final Target): $3,310.130
Stop Loss: Likely just above the resistance (e.g., ~$3,360 or higher depending on your risk tolerance)
---
Would you like help estimating the risk/reward ratio or backtesting this kind of setup?
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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.
Join telegram free...
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
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.