XAUUSD TRADE ANALYSIS AND SETUP

11 Ara 2024

Action: SELL XAUUSD now from 2695.

Stop Loss (SL): Place SL at 2715.

Take Profit (TP):

Target 1: 2688

Target 2: 2676

Target 3: 2660


Chart Timeframe: H1 (Hourly Chart).

Market Context: This setup is based on the upcoming CPI News release, creating potential volatility.


Key Trading Zones:

1. Sell Scalping Zone: Between 2705-2709, ideal for short entries during pullbacks.


2. Demand Zone: 2663, a critical level where buying interest might increase.


3. Buy Scalping Zone 1: Around 2658, a level where quick buy trades can be considered.


4. Buy Scalping Zone 2: Around 2640, another level with potential upward reversals.



Analysis Details:

1. Current levels suggest bearish momentum, driven by CPI anticipation.


2. If prices pull back to 2705-2709, look for further confirmation to add short positions.


3. A sustained break below 2688 could accelerate the sell-off toward lower targets.


4. Demand zone 2663 acts as a key area for potential reversals or consolidation.


5. Tight risk management is crucial due to expected high volatility during news.


6. H1 chart reveals a clear bearish trend, with lower highs and lower lows forming.


7. Scalping strategies could benefit from reacting to CPI-induced price spikes.


8. Buyers might step in aggressively near 2658 and 2640, creating bounce opportunities.


9. Maintain a disciplined approach, and avoid over-leveraging.


10. Regularly monitor price action for adjustments, especially if market sentiment changes.

11 Ara 2024

İşlem aktif

Great job! Capturing 90 pips on XAUUSD is an impressive accomplishment. It sounds like your analysis or strategy worked well. If you’d like to discuss how you achieved it or analyze the trade further, feel free to share. Are you planning to re-enter, or are you waiting for a fresh setup?

16 Ara 2024

İşlem kapandı: durdurma seviyesi

That's an excellent result! Congratulations on achieving over 450 pips in profit. Closing the trade now sounds like a wise move to lock in your gains. Let me know if you'd like assistance in analyzing the market further or developing a new strategy for the next setup! What pair or market are you planning to focus on next?