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Gold Short Setup: Targeting 3030 & 3015 from 2st Resistance ZoneGold (XAUUSD) is currently trading around 3049 after bouncing strongly from the highlighted support zone near 2950. Price is now testing the 2st resistance area, and a rejection here could lead to a bearish move toward the target zone just below. 🔻 XAUUSD Bearish Trade Plan Entry Zone: 3045–3050 1st Target: 3030 2nd Target: 3015 Stop-Loss: Above 3060 (just above recent highs and the edge of the 2nd resistance zone) 🛡️ Why 3060 as Stop-Loss? It's above both the 1st and 2nd resistance zones. If price breaks above 3060 with momentum, it could signal buyers are in control and invalidate the short setup. This gives you about 30–35 pips of risk for a potential 30–35 pips gain to the 1st target, and up to 60–65 pips to the 2nd — offering a solid risk-to-reward ratio.
FOREXCOM:XAUUSDShort
by TRADE_CENTER_1
Gold (XAU/USD) Key Levels & Trade Setups: BUY & SELL ENTRY Gold (XAU/USD) 1-Hour Chart Analysis: 1. Key Resistance Zone: - The price is currently near the $2,922-$2,930 resistance zone. - This area has acted as a previous supply zone, indicating potential selling pressure. 2. Potential Price Scenarios: Scenario 1: Rejection from Resistance & Downtrend - If price fails to break above $2,922-$2,930, a rejection could send it lower. - A break of the rising trendline could confirm bearish momentum. - First target: Around $2,898-$2,900 (previous support zone). - Second target: Around $2,873, which is a strong demand area. - Final bearish target: Around $2,855-$2,846 if the momentum continues downward. Scenario 2: Breakout Above Resistance & Bullish Move - If gold breaks and closes above $2,930 with strong momentum, further upside is expected. - First target:$2,945-$2,950, marked as the next resistance level. - A successful breakout could lead to higher bullish continuation. 3. Trendline & Breakout Structure: - The price had a previous breakout from a descending channel. - The current bullish structure could be invalidated if the price breaks below the trendline and key support levels. Trading Plan: - Watch for price action at $2,922-$2,930 resistance. - Look for a rejection confirmation (bearish candle patterns) for a potential short setup. - For a buy position, wait for a strong breakout above $2,930 with a retest for confirmation.
OANDA:XAUUSD
by TRADE_CENTER_1
ETHUSDT going for a Ride or are about to fall?Hello everyone! So the past few Days have been tricky and we certainly have not been able to tell where the market is headed next. We at Chainassets.capital have been riding this rollercoster as well. Anyhow, for the time being we have two possible situations here. ETH going up from here is a more likely scenario since we just bounced off 50% fib level, and couldn't touch the 38.2% level. Had it been the scenario where Market touched the 38.2% level we would have been more than certain to open our Shorts for the next few more weeks. This calls for Long Entries in ETHUSDT for sure, but the Trend Channel its currently in is saying otherwise. Although the channels are meant to be broken and rules like Bounce Offs are supposed to be followed, we Recommend Using Less Leverage and keeping the Stops ready for each Order. Don't use over leverage and Always be prepared for the Worst! Long Potential: 26% from here. Stop Loss: 3101 Short Potential: 17% (Only if Last Low of 3102 is Broken) Stop Loss: 3446 DISCLAIMER: This is just an Idea and not a Financial Advise, thus we request you to treat it as such. We take no responsibility for your Profits or Losses. Do your own TA before Investing/Trading.
Long
by ChainAssetsCapital