Trading Setup and Strategy Explanation:
Buy at: 3372
Resistance at 3390
Important Note:
Resistance should be above the current price, not below. If 3375 is below 3430 it typically indicates support, not resistance.
Corrected Interpretation:
Here's how your setup likely looks:
Buy Entry: 3390
Support (not resistance):3372
Target 1 3390
Target 2 3410
Level Type:
- 3360 Support (Stop-loss zone)
3375 Entry
3410 Target 1
Trade Notes:
- If XAU/USD holds above 3420, your long position is technically supported.
- A break below 3403 might invalidate the bullish setup — consider a stop-loss below that.
- Momentum toward 3385–3390 is possible if the market breaks out of short-term consolidation or reacts positively to macro news.
Strategy Preference.
Would you like a chart or confirmation based on technical indicators (RSI, trendlines, volume, etc.)?
Buy at: 3372
Resistance at 3390
Important Note:
Resistance should be above the current price, not below. If 3375 is below 3430 it typically indicates support, not resistance.
Corrected Interpretation:
Here's how your setup likely looks:
Buy Entry: 3390
Support (not resistance):3372
Target 1 3390
Target 2 3410
Level Type:
- 3360 Support (Stop-loss zone)
3375 Entry
3410 Target 1
Trade Notes:
- If XAU/USD holds above 3420, your long position is technically supported.
- A break below 3403 might invalidate the bullish setup — consider a stop-loss below that.
- Momentum toward 3385–3390 is possible if the market breaks out of short-term consolidation or reacts positively to macro news.
Strategy Preference.
Would you like a chart or confirmation based on technical indicators (RSI, trendlines, volume, etc.)?
12+Yrs Experience | UK 🇬🇧 Based SMS + ICT Trader
🎯 Real-time setups | Smarts Money insights | Gold + Forex
📢 Free Channel t.me/+Ew-2gPSo1rw4Zjk0
📢 Management services t.me/+Ew-2gPSo1rw4Zjk0
#ICT #SMC #Forex #XAUUSD #Telegram
🎯 Real-time setups | Smarts Money insights | Gold + Forex
📢 Free Channel t.me/+Ew-2gPSo1rw4Zjk0
📢 Management services t.me/+Ew-2gPSo1rw4Zjk0
#ICT #SMC #Forex #XAUUSD #Telegram
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.
12+Yrs Experience | UK 🇬🇧 Based SMS + ICT Trader
🎯 Real-time setups | Smarts Money insights | Gold + Forex
📢 Free Channel t.me/+Ew-2gPSo1rw4Zjk0
📢 Management services t.me/+Ew-2gPSo1rw4Zjk0
#ICT #SMC #Forex #XAUUSD #Telegram
🎯 Real-time setups | Smarts Money insights | Gold + Forex
📢 Free Channel t.me/+Ew-2gPSo1rw4Zjk0
📢 Management services t.me/+Ew-2gPSo1rw4Zjk0
#ICT #SMC #Forex #XAUUSD #Telegram
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.