The chart shows a technical analysis of Gold Spot (XAU/USD) on a 1-hour timeframe.
Resistance Zone : $3,028.50 - $3,033.5
Support Zones / Targets:
Target 1: $3,015.00
Target 2: $3,000.00
Target 3: $2,980.00
Analysis Insight:
The chart suggests a potential short (sell) setup, indicating the price might face rejection from the resistance zone and move downward.
Multiple bearish price action paths are illustrated, hinting at a gradual decline with temporary pullbacks.
The three horizontal lines represent take profit targets at successively lower levels, suggesting a step-by-step profit-taking strategy.
Trading Idea:
Sell Zone: Near $3,028–$3,034
Stop Loss: Likely above $3,042
Take Profits:
TP1: $3,015
TP2: $3,000
TP3: $2,980
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.
Resistance Zone : $3,028.50 - $3,033.5
Support Zones / Targets:
Target 1: $3,015.00
Target 2: $3,000.00
Target 3: $2,980.00
Analysis Insight:
The chart suggests a potential short (sell) setup, indicating the price might face rejection from the resistance zone and move downward.
Multiple bearish price action paths are illustrated, hinting at a gradual decline with temporary pullbacks.
The three horizontal lines represent take profit targets at successively lower levels, suggesting a step-by-step profit-taking strategy.
Trading Idea:
Sell Zone: Near $3,028–$3,034
Stop Loss: Likely above $3,042
Take Profits:
TP1: $3,015
TP2: $3,000
TP3: $2,980
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.
Trade active
target 1 smashed 180+ pips booked and also running 240+ pips so friends what are you guys waiting for?
such a sniper short.
💰 *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.