This chart describes a bullish trade setup on Gold (XAU/USD) on the 1-hour timeframe.
Analysis:
Entry Zone: Price is expected to retrace down into the demand zone (around 3360.79) before moving up.
Support Area: The green zone marks a bullish order block or demand zone where buyers previously stepped in.
Target: If price respects the demand zone, the projected target is near 3500.00.
Stop Loss: Placed below the demand zone, around 3337.19, ensuring a favorable risk-reward ratio.
Trade Plan Summary:
Wait for the price to tap into the demand zone before entering a buy trade, targeting the next liquidity area near $3500. If price fails to hold that zone, the trade idea becomes invalid.
Analysis:
Entry Zone: Price is expected to retrace down into the demand zone (around 3360.79) before moving up.
Support Area: The green zone marks a bullish order block or demand zone where buyers previously stepped in.
Target: If price respects the demand zone, the projected target is near 3500.00.
Stop Loss: Placed below the demand zone, around 3337.19, ensuring a favorable risk-reward ratio.
Trade Plan Summary:
Wait for the price to tap into the demand zone before entering a buy trade, targeting the next liquidity area near $3500. If price fails to hold that zone, the trade idea becomes invalid.
Trading isn’t just numbers — it’s a mindset.📊 Stay patient, trust your analysis, and let the market speak.📈 Every candle tells a story, so read it wisely and ride the wave. join now for daily trade setups.
t.me/+jNlT-eN1zIs1YTc0
t.me/+jNlT-eN1zIs1YTc0
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.
Trading isn’t just numbers — it’s a mindset.📊 Stay patient, trust your analysis, and let the market speak.📈 Every candle tells a story, so read it wisely and ride the wave. join now for daily trade setups.
t.me/+jNlT-eN1zIs1YTc0
t.me/+jNlT-eN1zIs1YTc0
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.