This chart is a 15-minute Gold (XAU/USD) price analysis with a technical pattern projection.
Key Observations:
1. Support & Resistance:
A strong horizontal support level is marked at $3,000.14.
Price recently peaked near $3,016.13 and is showing signs of a potential reversal.
2. Price Structure & Pattern:
The blue lines indicate wave-like price movements, possibly an Elliott Wave or price action structure.
The pattern suggests that the market previously experienced a strong bullish impulse, but now a retracement is expected.
3. Projected Movement:
The downward arrows suggest a bearish correction towards $3,000.14, which could act as a key support zone.
If price respects this support, a potential bounce-back might occur. Otherwise, a breakdown could lead to further declines.
Possible Trading Plan:
Short Setup: If price starts rejecting resistance near $3,016 and forms bearish confirmation (e.g., candlestick patterns like engulfing or pin bars).
Buy Opportunity: If price reaches $3,000.14 and shows strong support confirmation (like a bullish engulfing or double bottom).
Would you like a more detailed trading plan based on this setup?
Key Observations:
1. Support & Resistance:
A strong horizontal support level is marked at $3,000.14.
Price recently peaked near $3,016.13 and is showing signs of a potential reversal.
2. Price Structure & Pattern:
The blue lines indicate wave-like price movements, possibly an Elliott Wave or price action structure.
The pattern suggests that the market previously experienced a strong bullish impulse, but now a retracement is expected.
3. Projected Movement:
The downward arrows suggest a bearish correction towards $3,000.14, which could act as a key support zone.
If price respects this support, a potential bounce-back might occur. Otherwise, a breakdown could lead to further declines.
Possible Trading Plan:
Short Setup: If price starts rejecting resistance near $3,016 and forms bearish confirmation (e.g., candlestick patterns like engulfing or pin bars).
Buy Opportunity: If price reaches $3,000.14 and shows strong support confirmation (like a bullish engulfing or double bottom).
Would you like a more detailed trading plan based on this setup?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.