I'm referring to a gold trading signal or setup.
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🔶 Gold Buy Setup
Buy Price (Entry): 3425
Resistance Level: 3382 (Note: Resistance is usually below the entry only in a breakout scenario. More likely this is a typo and should be "Support Level")
Target (Take Profit): 3500
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📊 Analysis & Clarification
1. Resistance Level – 3382
If you're buying at 3425, and the resistance is at 3382, this setup seems contradictory.
Normally:
Support < Entry < Resistance < Target
If 3382 is support, that would make more sense. That would suggest:
Price has broken above resistance (3382)
Now it's retesting or moving toward the target (3500)
2. Updated Interpretation (Assuming Typo):
Element Price
Support 3382
Entry (Buy) 3425
Target 3500
This indicates a bullish trend, possibly following a breakout above 3382.
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✅ Trading Considerations
Stop Loss: Not mentioned, but usually placed below support — e.g., ~3350.
Risk-Reward Ratio:
Risk: 3425 - 3350 = 75
Reward: 3500 - 3425 = 75
R:R = 1:1 (you might want to look for at least 1:1.5 or 1:2 for better setups)
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Let me know if you’d like help with technical charting or risk management for this trade.
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🔶 Gold Buy Setup
Buy Price (Entry): 3425
Resistance Level: 3382 (Note: Resistance is usually below the entry only in a breakout scenario. More likely this is a typo and should be "Support Level")
Target (Take Profit): 3500
---
📊 Analysis & Clarification
1. Resistance Level – 3382
If you're buying at 3425, and the resistance is at 3382, this setup seems contradictory.
Normally:
Support < Entry < Resistance < Target
If 3382 is support, that would make more sense. That would suggest:
Price has broken above resistance (3382)
Now it's retesting or moving toward the target (3500)
2. Updated Interpretation (Assuming Typo):
Element Price
Support 3382
Entry (Buy) 3425
Target 3500
This indicates a bullish trend, possibly following a breakout above 3382.
---
✅ Trading Considerations
Stop Loss: Not mentioned, but usually placed below support — e.g., ~3350.
Risk-Reward Ratio:
Risk: 3425 - 3350 = 75
Reward: 3500 - 3425 = 75
R:R = 1:1 (you might want to look for at least 1:1.5 or 1:2 for better setups)
---
Let me know if you’d like help with technical charting or risk management for this trade.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
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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.
📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.