💡 Ensure proper risk management when following signals! 💬 Comment: " Reason for Selling:
Bearish Reversal Potential:XAU/USD is showing signs of a potential reversal after a recent rally, with selling pressure likely to increase. Resistance Rejection:The current price is nearing a key resistance zone, suggesting a high probability of a price decline.
Entry Point Justification: Entry at 2514.08: Positioned just below a strong resistance level, allowing for an optimal entry as the market is expected to reject this area.
Take Profit Targets: TP1 (2507.52): A short-term target to capture quick gains from the initial price drop. TP2 (2498.56): A mid-term target reflecting further bearish momentum as the price continues to fall. TP3 (2485.33): A long-term target for capturing a significant portion of the downtrend. TP4 (2472.36): An extended target to maximize gains if the bearish trend intensifies and a deeper pullback occurs.
Stop Loss Justification: SL at 2519.45: Placed just above the resistance level to limit losses in case of an unexpected breakout, while allowing room for market fluctuations."
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.