XAUUSD H1 CHART ANALYSIS

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[5:54 AM, 5/16/2025] miraninaveed337: G
[11:12 AM, 5/16/2025] Sijjad Zong: (XAUUSD, 1-hour timeframe)

Sell Setup (Bearish Continuation from Channel Breakout)

Entry (Sell): Around current price area: $3,190
Stop Loss: Just above the recent high or marked SL area: $3,263


Take Profit (TP) Levels:

1. TP1: $3,150 – conservative target based on recent support

2. TP2: $3,121 – matching the previous low

3. TP3: $3,111 – extended target (marked horizontal support)


Summary:

Sell Entry: $3,190 (approx)

Stop Loss: $3,263

TP1: $3,150

TP2: $3,121

TP3: $3,111

Make sure to adjust position sizing to manage risk properly

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