Here’s the simplified view for XAU/USD (Gold) 4H chart you shared:
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📈 Best Buy Setup
Entry: Above 3,675 – 3,680 (only if price breaks and closes above this resistance).
Stop Loss (SL): Below 3,650.
Take Profit (TP):
TP1 → 3,700
TP2 → 3,720 – 3,730
➡ Reason: Breakout continuation in the uptrend.
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📉 Best Sell Setup
Entry: If price rejects 3,675 – 3,680 with bearish confirmation candle.
Stop Loss (SL): Above 3,695.
Take Profit (TP):
TP1 → 3,600 – 3,610
TP2 → 3,575 – 3,550 (trendline support).
➡ Reason: Failed breakout → pullback to trendline.
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🔑 Best option now → Wait for confirmation.
If it breaks up, go long (buy).
If it rejects, go short (sell).
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📈 Best Buy Setup
Entry: Above 3,675 – 3,680 (only if price breaks and closes above this resistance).
Stop Loss (SL): Below 3,650.
Take Profit (TP):
TP1 → 3,700
TP2 → 3,720 – 3,730
➡ Reason: Breakout continuation in the uptrend.
---
📉 Best Sell Setup
Entry: If price rejects 3,675 – 3,680 with bearish confirmation candle.
Stop Loss (SL): Above 3,695.
Take Profit (TP):
TP1 → 3,600 – 3,610
TP2 → 3,575 – 3,550 (trendline support).
➡ Reason: Failed breakout → pullback to trendline.
---
🔑 Best option now → Wait for confirmation.
If it breaks up, go long (buy).
If it rejects, go short (sell).
im professional forex and crypto trader im providing signals join me on telegram
t.me/GoldRoyalTrader15
t.me/GoldRoyalTrader15
Related publications
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.
im professional forex and crypto trader im providing signals join me on telegram
t.me/GoldRoyalTrader15
t.me/GoldRoyalTrader15
Related publications
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.