Thanks for clarifying! Based on the chart you shared, here are the signal details:
Instrument: Gold Spot (XAU/USD)
Timeframe: 15-minute chart
Current Price: Around 3,230 USD
Trend: Bearish continuation
Key Levels (Fibonacci Retracement):
0%: 3,239
23.6%: 3,227
38.2%: 3,219
50%: 3,214
61.8%: 3,208
78.6%: 3,199
100%: 3,189
Projected Move: After a minor retracement up to the 0.236 or 0.382 level (~3,227 to 3,219), the price is expected to resume downward, targeting deeper Fibonacci levels.
Risk Area: The grey-shaded box indicates the potential retracement zone where sellers may re-enter.
Take-Profit Zone: Likely near 3,199 or lower, as suggested by the arrow targeting the 0.786 to 1.0 Fibonacci zone.
Stop-Loss Consideration: Above the swing high (~3,239) to manage risk.
Would you like a written trading plan based on this, or deeper analysis of the market context?
Instrument: Gold Spot (XAU/USD)
Timeframe: 15-minute chart
Current Price: Around 3,230 USD
Trend: Bearish continuation
Key Levels (Fibonacci Retracement):
0%: 3,239
23.6%: 3,227
38.2%: 3,219
50%: 3,214
61.8%: 3,208
78.6%: 3,199
100%: 3,189
Projected Move: After a minor retracement up to the 0.236 or 0.382 level (~3,227 to 3,219), the price is expected to resume downward, targeting deeper Fibonacci levels.
Risk Area: The grey-shaded box indicates the potential retracement zone where sellers may re-enter.
Take-Profit Zone: Likely near 3,199 or lower, as suggested by the arrow targeting the 0.786 to 1.0 Fibonacci zone.
Stop-Loss Consideration: Above the swing high (~3,239) to manage risk.
Would you like a written trading plan based on this, or deeper analysis of the market context?
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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.