Introduction:
Analysis of Gold (XAU/USD) on lower timeframes, focusing on the breakout from an ascending trendline.
Technical Analysis:
Scenario 1:
Scenario 2:
Analysis of Gold (XAU/USD) on lower timeframes, focusing on the breakout from an ascending trendline.
Technical Analysis:
- Pattern: Breakout below $3,380.00, potential drop to $3,335.00 or $3,300.00.
- Levels: Support at $3,335.00 and $3,300.00; resistance at $3,380.00.
Scenario 1:
- If a strong bullish candle forms at $3,335.00, go long to $3,380.00 (stop loss behind bullish candle).
- From $3,380.00 with candle confirmation, go short to $3,300.00 (stop loss at $3,412.00).
Scenario 2:
- If price drops to $3,300.00 without rebounding, go long with a strong bullish candle to $3,400.00 (stop loss at $3,275.00).
- Risk Management:
Risk-to-Reward: Scenario 1 (1:2), Scenario 2 (1:3).
Conclusion:
Breakout below $3,380.00 suggests a drop to $3,335.00 or $3,300.00. Await candle confirmation for long or short entries.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Conduct your own research.
Tags: #Gold, #XAUUSD, #TradingSignal.
Time: Now (02:10 PM CEST, August 11, 2025).
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.
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.