💡 Ensure proper risk management when following signals! 💬 Comment: " After the recent bearish trend, we've identified a fresh order block (OB) that could trigger a reversal in the chart movement. I’m calling this area FL (Flag LIMITED), as it has the potential to shift the Bullish trend into a Bearish one.
Reason for Selling:
Overextended Rally: XAU/USD is nearing overbought conditions, suggesting that the bullish momentum may be losing strength, and a correction is likely. Strong Resistance Zone: The current price level is approaching a resistance area, increasing the probability of a pullback as sellers step in.
Entry Point Justification: Strategic Entry at 2516.98: This level is ideal to capture the potential downside once the price faces rejection at resistance, offering a high-probability sell opportunity.
Take Profit Targets: TP1 (2507.80): A short-term target designed to quickly capture gains from the expected initial move down. TP2 (2496.65): A medium-term target to take advantage of further bearish momentum as selling pressure builds. TP3 (2484.90): A long-term target for capturing a deeper price drop, maximizing potential profits from an extended bearish move.
Stop Loss Justification: SL at 2525.43: Placed just above the resistance level to protect against a breakout, while providing enough room for potential price fluctuations before the expected reversal."
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.