Technical Analysis
Trend: XAU/USD shows signs of bearish pressure near a key resistance level
with the price forming a potential double-top pattern.
Resistance Level: zone has acted as strong resistance multiple times, signaling a possible reversal.
Trade Setup
Entry: Sell at **** or wait for a confirmed break below $****
Stop-Loss: Above $**** to limit risk if price reclaims resistance.
Take-Profit:
Target 1: *****
Target 2: $*****
Risk-Reward Ratio: Maintain at least 1:5
Trend: XAU/USD shows signs of bearish pressure near a key resistance level
with the price forming a potential double-top pattern.
Resistance Level: zone has acted as strong resistance multiple times, signaling a possible reversal.
Trade Setup
Entry: Sell at **** or wait for a confirmed break below $****
Stop-Loss: Above $**** to limit risk if price reclaims resistance.
Take-Profit:
Target 1: *****
Target 2: $*****
Risk-Reward Ratio: Maintain at least 1:5
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.