🔍 Chart Structure
Descending Wedge Breakout:
Price has broken out of a long-term descending wedge pattern.
This breakout is typically bullish, especially when accompanied by increased volume or momentum indicators turning up.
Support/Resistance Levels:
Current Price: ~0.0201 USDT
Key Resistance Zones:
0.02200 – Minor resistance
0.02310 – More substantial...
📊 Chart Overview:
Instrument: Gold Spot / U.S. Dollar (XAU/USD)
Timeframe: 1H (Heikin Ashi candles)
Indicators:
RSI (middle panel): Showing sideways movement with a slight bullish tilt.
MACD-like oscillator (bottom panel): Includes histogram, signal lines, and red/green dot markers, suggesting potential overbought/oversold conditions or momentum shifts.
🔍 Key...
🧠 Refined Trade Setup (Long)
Entry Price: ~0.6416
Stop-Loss: ~0.6350
Take-Profit Target: ~0.6943
Risk-Reward Ratio: Approximately 1:4 – high potential reward relative to risk.
🔍 Key Technical Details
Support Level: Clear and strong support at 0.6402, marked on chart.
Multiple tests of this level suggest possible bottoming or accumulation.
Trendline...
This chart appears to be a technical analysis setup for **Gold (XAU/USD)** on the **15-minute timeframe**, using **Heikin Ashi candles**.
Here's a breakdown of what’s visible:
### **1. Price Action:**
* The chart is trading within a **descending channel** (highlighted by the dotted white trendlines).
* **Resistance levels** are marked at:
* 3366.015
*...
🧠 Technical Analysis
1. Historical Price Action
The asset saw a massive drop from above $0.20 to sub-$0.05 levels in early 2025.
Since then, price has mostly been range-bound, with a notable spike in late April but quickly retraced.
2. Current Structure
Higher lows are forming since the last spike, suggesting some accumulation or base building.
Price is...
