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05 Chart Analysis Strategy

The document analyzes a 1-minute candlestick chart for XAU/USD, highlighting a downward trend with bearish pressure and potential support around 3,386.00. Key indicators suggest low volatility and more sell signals than buy signals, indicating a bearish market sentiment. It recommends short entry strategies near 3,386.00 and emphasizes risk management through stop-loss and position sizing.

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70 views2 pages

05 Chart Analysis Strategy

The document analyzes a 1-minute candlestick chart for XAU/USD, highlighting a downward trend with bearish pressure and potential support around 3,386.00. Key indicators suggest low volatility and more sell signals than buy signals, indicating a bearish market sentiment. It recommends short entry strategies near 3,386.00 and emphasizes risk management through stop-loss and position sizing.

Uploaded by

peeinfectiousteediseases
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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a trading view for XAU/USD (gold spot against US Dollar), showing a 1-minute candlestick

chart with several indicators applied. Here's a quick analysis:

Key Elements:

1. Price Action: The chart is showing a downward trend (visible from the overall price

movement and the sloping white line that likely represents a moving average). The price

has recently dropped and bounced slightly near the lower region.

2. Volume Profile: The green and red vertical bars on the right indicate volume, where the

green represents buying and the red represents selling. The significant volume

accumulation at certain price levels (around 3,387.00 and 3,386.00) indicates possible

support and resistance zones.

3. Indicators:

o UT Bot Alerts: This tool provides buy (green) and sell (red) signals based on

specific market conditions.

o Commodity Trend Reactor: This is used for trend analysis. The orange line is

likely a momentum oscillator showing that the market is bearish, as indicated by

the downward trend.

o MTrdSqueez: This indicator seems to indicate periods of volatility or potential

breakout zones based on its changing colors and values. The histogram at the

bottom suggests that volatility is low as it has mixed colors.

4. Current Market Conditions:


o Bearish Pressure: There are more sell signals than buy signals, suggesting

bearish sentiment. The price is trending downward with lower highs and lower

lows.

o Possible Support: Around 3,386.00, as there is buying pressure building up (as

seen in the volume profile).

Strategy Suggestions:

 Short Entry: If you're looking for a short entry, the trend suggests continuing bearish

momentum. Consider entering a short position near the price point of 3,386.00, with a

stop loss slightly above the recent swing high (around 3,387.50).

 Target: Set a target near the previous low of 3,384.00 or even slightly lower, depending

on how aggressive your risk tolerance is.

 Long Entry: If the price shows signs of reversal (after a strong pullback or break of the

downward trendline), look for buy signals that might appear once the price breaks the

upper trendline or the resistance levels marked by the indicators.

Risk Management:

 Stop-Loss: Always set a stop-loss to manage risk, ideally 10-20 pips above the entry

point if short, or below the low if long.

 Position Size: Ensure proper position sizing based on your risk tolerance (typically 1-2%

of your capital per trade).

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