This is a 4-hour candlestick chart of XAUUSD (Gold/US Dollar) from TradingView. Here's a breakdown of the details:
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📊 Key Levels & Zones (highlighted in yellow):
1. Resistance Zones:
Around 3,450 - 3,475
Around 3,396 - 3,425
2. Support Zones:
Around 3,350 - 3,325
Around 3,300
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🔍 Current Price Action:
Price: ~3,380.100 (as per red line)
The chart shows:
A recent upward retracement into a resistance zone (~3,396).
A bearish expectation indicated by the black arrow pointing down.
A potential short (sell) setup, with:
Stop-loss around 3,396.561
Entry near 3,381.125
Take-profit around 3,351.495
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⚠️ Technical Implications:
The trade idea seems to anticipate a rejection from resistance, aiming for a move back to the support near 3,351.495.
Risk-to-reward is roughly 1:1 or slightly better, assuming entry around current price.
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📅 Upcoming Events (Bottom Icons):
Several economic events (indicated by red/blue news icons), likely related to USD fundamentals, which could impact price movement.
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Would you like help analyzing this trade setup or building a strategy around it?
---
📊 Key Levels & Zones (highlighted in yellow):
1. Resistance Zones:
Around 3,450 - 3,475
Around 3,396 - 3,425
2. Support Zones:
Around 3,350 - 3,325
Around 3,300
---
🔍 Current Price Action:
Price: ~3,380.100 (as per red line)
The chart shows:
A recent upward retracement into a resistance zone (~3,396).
A bearish expectation indicated by the black arrow pointing down.
A potential short (sell) setup, with:
Stop-loss around 3,396.561
Entry near 3,381.125
Take-profit around 3,351.495
---
⚠️ Technical Implications:
The trade idea seems to anticipate a rejection from resistance, aiming for a move back to the support near 3,351.495.
Risk-to-reward is roughly 1:1 or slightly better, assuming entry around current price.
---
📅 Upcoming Events (Bottom Icons):
Several economic events (indicated by red/blue news icons), likely related to USD fundamentals, which could impact price movement.
---
Would you like help analyzing this trade setup or building a strategy around it?
t.me/goldsignalsclub3
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t.me/goldsignalsclub3
Join my telegram for free signals link in below
t.me/goldsignalsclub3
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.
t.me/goldsignalsclub3
Join my telegram for free signals link in below
t.me/goldsignalsclub3
Join my telegram for free signals link in below
t.me/goldsignalsclub3
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.