As predicted in the previous post, gold (XAU/USD) reacted precisely at the 3243 resistance zone — a strong supply area where our short-term SELL setup was triggered. Price then reversed and moved downward as expected.
At the moment, the trade plan remains unchanged. You can refer to the detailed setup in my previous post on my personal page. Here's the updated short-term strategy
💡 Short-Term Trade Scenarios:
SELL XAU/USD
📍 Entry Zone: 3240 – 3243
💰 Take Profit: 3235 – 3238
🚨 Stop Loss: 3245
BUY XAU/USD
📍 Entry Zone: 3219 – 3222
💰 Take Profit: 3224 – 3227
🚨 Stop Loss: 3214
The market is currently trading within a narrow range, so the short-term strategy is to “buy low – sell high” within this zone, with tight risk management. A clear breakout beyond 3245 or 3214 may require a reassessment of the trading strategy based on momentum and volume.
⏳ Note: This is a short-term analysis based on the 1H timeframe and is not intended for overnight holding unless supported by a clear setup.
At the moment, the trade plan remains unchanged. You can refer to the detailed setup in my previous post on my personal page. Here's the updated short-term strategy
💡 Short-Term Trade Scenarios:
SELL XAU/USD
📍 Entry Zone: 3240 – 3243
💰 Take Profit: 3235 – 3238
🚨 Stop Loss: 3245
BUY XAU/USD
📍 Entry Zone: 3219 – 3222
💰 Take Profit: 3224 – 3227
🚨 Stop Loss: 3214
The market is currently trading within a narrow range, so the short-term strategy is to “buy low – sell high” within this zone, with tight risk management. A clear breakout beyond 3245 or 3214 may require a reassessment of the trading strategy based on momentum and volume.
⏳ Note: This is a short-term analysis based on the 1H timeframe and is not intended for overnight holding unless supported by a clear setup.
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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.
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.