XAU/USD (Gold Spot vs. US Dollar) on a 1-hour timeframe.
Key elements in the chart:
• Entry Zone: A highlighted range where a potential buy/sell entry is planned.
• Stop Loss: Marked with a red line to limit potential losses.
• Target Area: A green box indicating the potential take profit level.
• Current Price Level: At 2,916.235.
The setup suggests a possible short trade (sell position) as the price is entering the entry zone and is expected to move lower towards the target area.
Key elements in the chart:
• Entry Zone: A highlighted range where a potential buy/sell entry is planned.
• Stop Loss: Marked with a red line to limit potential losses.
• Target Area: A green box indicating the potential take profit level.
• Current Price Level: At 2,916.235.
The setup suggests a possible short trade (sell position) as the price is entering the entry zone and is expected to move lower towards the target area.
Trade closed: target reached
Target Reached 270 pips,
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.