Hello dear Traders, what do you think about XAUUSD Market, share your thoughts here.
Market forming a lower high near resistance — sellers likely stepping in.
Entry (Sell): When price closes below support (bottom of red zone).
Stop Loss: Just above recent lower high (small black circle area).
Take Profit:
TP1: Around 3970–3980 (blue zone).
TP2: Around 3950 if momentum continues.
Confirmation: RSI bearish divergence + candle close below zone.
Invalidation: Bullish close above resistance with volume.
Market forming a lower high near resistance — sellers likely stepping in.
Entry (Sell): When price closes below support (bottom of red zone).
Stop Loss: Just above recent lower high (small black circle area).
Take Profit:
TP1: Around 3970–3980 (blue zone).
TP2: Around 3950 if momentum continues.
Confirmation: RSI bearish divergence + candle close below zone.
Invalidation: Bullish close above resistance with volume.
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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.
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.