Trendline
* The primary trend remains bearish, with price continuing to trade below the long-term descending trendline.
* The current recovery is considered a pullback toward a resistance zone rather than a trend reversal.
* A short-term bullish reversal would only be confirmed if price closes a strong H4 candle above both the trendline and the 4,345–4,373 resistance area.
Resistance Levels
🔵 Near-Term Resistance: 4,345 – 4,373
🔵 Major Resistance: 4,431
* This area represents a confluence of the descending trendline and a previous supply zone.
* Priority should be given to monitoring bearish rejection signals for potential selling opportunities.
Support Levels
🟢 Near-Term Support: 4,233
🟢 Major Support: 4,150 – 4,170 (trendline confluence zone)
* If price fails to break above resistance and falls below 4,233, the bearish trend is likely to continue.
* The next downside target would be the 4,150 support area.
⸻
Trading Plan
🟢 BUY GOLD
* Entry: 4,248 – 4,250
* Stop Loss: 4,238
* Take Profit: 200 / 500 / 1000 pips
🔴 SELL GOLD
* Entry: 4,379 – 4,381
* Stop Loss: 4,391
* Take Profit: 200 / 500 / 1000 pips
Risk Management
* Risk no more than 1–2% of account equity per trade.
* Wait for confirmation signals before entering a position.
* Consider moving the stop loss to breakeven once the trade reaches a reasonable profit level to protect capital.
* The primary trend remains bearish, with price continuing to trade below the long-term descending trendline.
* The current recovery is considered a pullback toward a resistance zone rather than a trend reversal.
* A short-term bullish reversal would only be confirmed if price closes a strong H4 candle above both the trendline and the 4,345–4,373 resistance area.
Resistance Levels
🔵 Near-Term Resistance: 4,345 – 4,373
🔵 Major Resistance: 4,431
* This area represents a confluence of the descending trendline and a previous supply zone.
* Priority should be given to monitoring bearish rejection signals for potential selling opportunities.
Support Levels
🟢 Near-Term Support: 4,233
🟢 Major Support: 4,150 – 4,170 (trendline confluence zone)
* If price fails to break above resistance and falls below 4,233, the bearish trend is likely to continue.
* The next downside target would be the 4,150 support area.
⸻
Trading Plan
🟢 BUY GOLD
* Entry: 4,248 – 4,250
* Stop Loss: 4,238
* Take Profit: 200 / 500 / 1000 pips
🔴 SELL GOLD
* Entry: 4,379 – 4,381
* Stop Loss: 4,391
* Take Profit: 200 / 500 / 1000 pips
Risk Management
* Risk no more than 1–2% of account equity per trade.
* Wait for confirmation signals before entering a position.
* Consider moving the stop loss to breakeven once the trade reaches a reasonable profit level to protect capital.
Trade chiuso: obiettivo raggiunto
PLAN SELL : FULL TP +1000pips
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Pubblicazioni correlate
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.