Gold analysis

The image is a 15-minute chart of Gold Spot (XAU/USD) from TradingView, showing a sell trade setup. Here are the key details:

Sell Trade Breakdown:

1. Entry Point & Resistance Zone:

The price is near a resistance level at 2,820.816.

A sell position is opened around 2,817.904 - 2,814.710.



2. Stop-Loss (Risk Area - Red Zone):

The stop-loss is placed slightly above the 2,820.816 resistance zone.

If the price breaks above this level, the trade will be invalidated.



3. Take-Profit Target (Green Zone - Reward Area):

The target is set in the 2,785 - 2,772 range.

A strong support zone is marked around 2,772.215, which is the lowest point in the setup.



4. Trendlines & Key Levels:

There is a descending trendline acting as resistance.

Multiple support zones (green highlighted areas) indicate potential bounce points.



5. Risk-Reward Ratio:

The trade follows a risk-to-reward strategy, where the potential downside is much larger than the risk.




Analysis & Outlook:

If the price fails to break above the resistance zone, it is likely to drop towards the support area around 2,785 - 2,772.

A break below 2,772 could lead to a further decline toward the next support level near 2,730.

If the price closes above 2,820, the sell setup may be invalid.