📅 Wednesday, May 20, 2026
📊 Gold (XAUUSD) H1 Trading Plan: Focusing on Sell Setups! 📉
Hello fellow traders! Today, let's update our trading plan for Gold (XAUUSD) on the 1-hour (H1) timeframe. Looking at the chart, the overall market is still clearly facing heavy selling pressure. Let's dive into the details.
🔍 Technical Analysis:
Trend: The primary trend on the H1 timeframe is a clear "Downtrend." The price is continuously forming Lower Highs and Lower Lows, suppressed by the descending trendlines (purple and orange lines).
Price Action: Previously, the price was consolidating within a "SIDEWAY H1" zone (blue box). However, it recently broke down through the lower support level, indicating that the bears are still in control.
Setup: The current price action shows a breakdown followed by a "Pullback" (retracement) to test the new resistance (former support) before potentially continuing its downward move, as indicated by the black arrows on the chart.
🎯 Today's Trading Plan:
Our main strategy today is "Sell on Rally," taking advantage of the price bouncing into the resistance zone to position ourselves with the trend.
🔴 Strategy: Sell on Rally (Look for Sell entries when the price pulls back into the resistance/red zone).
🛡️ Stop Loss (SL): 4520
(Reason: Placed above the resistance box and the descending trendline. If the price breaks above this level, the bearish structure may be invalidated.)
✅ Take Profit (TP 1): 4450
(Reason: This is the primary target based on Fibonacci levels and our planned risk-to-reward ratio.)
🎯 Next Target: 4415
(If the price breaks down aggressively below 4450, there is a high chance it will slide down to test the next H1 structural support around 4415.)
⚖️ Risk:Reward Ratio (RR): 1:0.9 (Based on the chart setup, focusing on short-to-mid-term swing profits).
⚠️ Money Management (MM) Reminder:
Trading always involves risk. Please calculate your Lot Size carefully to protect your capital and ALWAYS set a Stop Loss for every order. The market can be highly volatile!
What is your perspective on Gold today? Where are your entry zones? Drop a comment below and let's discuss! 👇
📊 Gold (XAUUSD) H1 Trading Plan: Focusing on Sell Setups! 📉
Hello fellow traders! Today, let's update our trading plan for Gold (XAUUSD) on the 1-hour (H1) timeframe. Looking at the chart, the overall market is still clearly facing heavy selling pressure. Let's dive into the details.
🔍 Technical Analysis:
Trend: The primary trend on the H1 timeframe is a clear "Downtrend." The price is continuously forming Lower Highs and Lower Lows, suppressed by the descending trendlines (purple and orange lines).
Price Action: Previously, the price was consolidating within a "SIDEWAY H1" zone (blue box). However, it recently broke down through the lower support level, indicating that the bears are still in control.
Setup: The current price action shows a breakdown followed by a "Pullback" (retracement) to test the new resistance (former support) before potentially continuing its downward move, as indicated by the black arrows on the chart.
🎯 Today's Trading Plan:
Our main strategy today is "Sell on Rally," taking advantage of the price bouncing into the resistance zone to position ourselves with the trend.
🔴 Strategy: Sell on Rally (Look for Sell entries when the price pulls back into the resistance/red zone).
🛡️ Stop Loss (SL): 4520
(Reason: Placed above the resistance box and the descending trendline. If the price breaks above this level, the bearish structure may be invalidated.)
✅ Take Profit (TP 1): 4450
(Reason: This is the primary target based on Fibonacci levels and our planned risk-to-reward ratio.)
🎯 Next Target: 4415
(If the price breaks down aggressively below 4450, there is a high chance it will slide down to test the next H1 structural support around 4415.)
⚖️ Risk:Reward Ratio (RR): 1:0.9 (Based on the chart setup, focusing on short-to-mid-term swing profits).
⚠️ Money Management (MM) Reminder:
Trading always involves risk. Please calculate your Lot Size carefully to protect your capital and ALWAYS set a Stop Loss for every order. The market can be highly volatile!
What is your perspective on Gold today? Where are your entry zones? Drop a comment below and let's discuss! 👇
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.