This is a trade setup for the XAU/USD (gold) pair, for traders who expect the price of gold to decline after reaching a specific entry zone.
Entry Zone:
The Entry Zone is between 2,883.162 and 2,890.000.
This is the price range where the trader plans to enter a short (sell) position. The idea is that if the price rises into this zone and shows signs of rejection or weakness, it’s an ideal point to enter the sell trade.
This zone is marked on the chart, and it serves as a strategic entry point based on technical analysis — likely areas of resistance where the price is expected to reverse downward.
Stop Loss (SL):
The Stop Loss is set at 2,897.768.
If the price continues moving above the Entry Zone and reaches this level, the trade will automatically close, preventing further losses.
A stop loss is crucial in risk management, and this level has been carefully placed just beyond the entry zone to allow for some price fluctuation without prematurely stopping the trade.
Take Profit Levels:
There are three Take Profit (TP) levels in this setup:
TP1: 2,866.560 — This is the first profit target and a relatively conservative exit point. It’s ideal for taking partial profits if the price starts moving in favor of the sell position.
TP2: 2,852.411 — This is the second profit target, placed further down, anticipating a more extended decline. Traders often scale out of their positions here to lock in more profits while still riding the downtrend.
TP3: 2,836.006 — The final and most ambitious target, positioned at a key support level. This level reflects the most bearish expectation, and hitting this target would maximize the trade’s profitability.
Price Action and Analysis:
The candlestick pattern shows a downward trend, with multiple bearish candles leading into this setup.
Risk-Reward Ratio:
The placement of the stop loss and take profit levels indicates a favorable risk-to-reward ratio.
The potential downside (risk) is capped at 2,897.768, while the upside (profit) extends down to 2,836.006, offering more reward than risk if the trade plays out as expected.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Entry Zone:
The Entry Zone is between 2,883.162 and 2,890.000.
This is the price range where the trader plans to enter a short (sell) position. The idea is that if the price rises into this zone and shows signs of rejection or weakness, it’s an ideal point to enter the sell trade.
This zone is marked on the chart, and it serves as a strategic entry point based on technical analysis — likely areas of resistance where the price is expected to reverse downward.
Stop Loss (SL):
The Stop Loss is set at 2,897.768.
If the price continues moving above the Entry Zone and reaches this level, the trade will automatically close, preventing further losses.
A stop loss is crucial in risk management, and this level has been carefully placed just beyond the entry zone to allow for some price fluctuation without prematurely stopping the trade.
Take Profit Levels:
There are three Take Profit (TP) levels in this setup:
TP1: 2,866.560 — This is the first profit target and a relatively conservative exit point. It’s ideal for taking partial profits if the price starts moving in favor of the sell position.
TP2: 2,852.411 — This is the second profit target, placed further down, anticipating a more extended decline. Traders often scale out of their positions here to lock in more profits while still riding the downtrend.
TP3: 2,836.006 — The final and most ambitious target, positioned at a key support level. This level reflects the most bearish expectation, and hitting this target would maximize the trade’s profitability.
Price Action and Analysis:
The candlestick pattern shows a downward trend, with multiple bearish candles leading into this setup.
Risk-Reward Ratio:
The placement of the stop loss and take profit levels indicates a favorable risk-to-reward ratio.
The potential downside (risk) is capped at 2,897.768, while the upside (profit) extends down to 2,836.006, offering more reward than risk if the trade plays out as expected.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.