XAUUSD on the 1-hour timeframe, here’s a structured sell target setup:
📉 Bearish Setup Summary
Current Price: ~$3,334
Structure: Lower high and lower low sequence forming
Breakdown Confirmation: Price failing to break above the $3,349.41 resistance zone (marked by horizontal line)
✅ Sell Entry Zone
Entry: Between $3,340 – $3,332 (ideal after a minor pullback for a better risk-reward)
🎯 Sell Targets (Take Profit Levels)
Target Price Level Reason
TP1 $3,306 Minor psychological level and recent minor support
TP2 $3,275 Previous low (structure-based target)
TP3 $3,250 Major support zone (highlighted box on your chart)
🛑 Stop Loss
Above $3,370 (above the recent swing high and key resistance zone)
Or tighter stop: Just above $3,349 if looking for a tighter risk
🔁 Trade Notes
Use trailing stop once TP1 is hit.
Watch volume confirmation and candle patterns (e.g., strong bearish engulfing) for confirmation.
📉 Bearish Setup Summary
Current Price: ~$3,334
Structure: Lower high and lower low sequence forming
Breakdown Confirmation: Price failing to break above the $3,349.41 resistance zone (marked by horizontal line)
✅ Sell Entry Zone
Entry: Between $3,340 – $3,332 (ideal after a minor pullback for a better risk-reward)
🎯 Sell Targets (Take Profit Levels)
Target Price Level Reason
TP1 $3,306 Minor psychological level and recent minor support
TP2 $3,275 Previous low (structure-based target)
TP3 $3,250 Major support zone (highlighted box on your chart)
🛑 Stop Loss
Above $3,370 (above the recent swing high and key resistance zone)
Or tighter stop: Just above $3,349 if looking for a tighter risk
🔁 Trade Notes
Use trailing stop once TP1 is hit.
Watch volume confirmation and candle patterns (e.g., strong bearish engulfing) for confirmation.
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.