XAUUSD is trading below both EMAs on H1 after failing to hold the 4,530–4,540 recovery zone. As long as price remains below 4,500, short-term bearish pressure stays active.
Trade Plan
Sell setup:
Entry: rejection below 4,500
SL: above 4,520
TP1: 4,460
TP2: 4,440
Buy setup:
Entry: 4,460–4,440 with clear rejection
SL: below 4,430
TP1: 4,500
TP2: 4,520
TP3: 4,540
Breakdown setup:
Entry: H1 close below 4,440
SL: above 4,460
TP1: 4,400
TP2: 4,380
Trade Plan
Sell setup:
Entry: rejection below 4,500
SL: above 4,520
TP1: 4,460
TP2: 4,440
Buy setup:
Entry: 4,460–4,440 with clear rejection
SL: below 4,430
TP1: 4,500
TP2: 4,520
TP3: 4,540
Breakdown setup:
Entry: H1 close below 4,440
SL: above 4,460
TP1: 4,400
TP2: 4,380
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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.
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.