mihirvala0

mihirvala0

“Here’s my technical analysis on the Gold Spot (XAU/USD) 15-minute chart. I’ve identified a descending trendline that’s acting as resistance, with the price currently testing this level. I’m watching for a potential short trade setup at this retest point, with the stop loss just above the trendline and a target around 3,356.0. Let’s see how the price action unfolds!”

mihirvala0

🚗💨 Buckle up, folks! The market car is about to zoom! 🍔 Lunchtime’s over, and we’ve got a long road ahead—destination unknown (up or down)! ⚠️ Before you hop in, remember to buckle up your capital—nobody wants to wipe out their account on the first turn! 🤣 Trade safe, or you might find yourself on the side of the road with nothing but crumbs!

mihirvala0

Key Points: ✅ Resistance: The resistance area is being tested multiple times, but there's no confirmed breakout yet. ✅ Support: The support area is holding the price for now, with buyers stepping in every time the price drops near it. ✅ Triangle: Price is consolidating inside a symmetrical triangle, which usually precedes a breakout — but the direction is still...

mihirvala0

🟡 Key Chart Elements: 1️⃣ Strong Resistance Area This is marked with a red zone at the top. This area is where sellers have historically stepped in, pushing the price down. Price action is currently testing this area, indicating potential rejection or consolidation. 2️⃣ Demand Area Marked in green at the bottom. This is a previous area where buyers stepped in...

mihirvala0

1️⃣ Overall Context: This is a 1-minute timeframe, meaning it’s designed for very short-term, fast-paced trades (scalping). This setup focuses on catching quick moves with tight stops and relatively small targets. 2️⃣ Key Elements on the Chart: C-GP % 60% Pullback Area 🔹 This is marked as a key retracement zone where price is expected to pull back after a down...

mihirvala0

1️⃣ Overall Context: This is a 15-minute chart, showing short-term price movements and structure on Gold (XAUUSD). This timeframe is helpful for scalping or short-term trades. 2️⃣ Key Annotations and Terms: ob liquidity: Stands for “Order Block Liquidity” — an area where there’s a cluster of buy/sell orders from previous price action, often acting as a supply or...

mihirvala0

You’ve drawn a descending trendline from previous highs that’s been broken recently. This suggests a potential shift from a downtrend to an uptrend, indicating bullish momentum. Support Zone Identified: You marked a horizontal support zone around 3,320–3,340 USD (approx.). Price has retested this support zone after the breakout, showing it is now acting as a new...

mihirvala0

There was a bullish rally on a larger time frame, then a pullback but the liquidity shifted opposite to the trend so that liquidity could be grabbed, that is why it looks bullish and if it had to go, it would have gone by blocking the order but it failed and now there is a high possibility of going downside by taking liquidity from the top.