This chart shows a bearish setup XAU/USD. Price has recently retested a resistance zone around 3330–3340 after a break of structure (BOS) and multiple change of character (ChoCH) signals. The bearish rejection from this zone suggests a potential downside move. The first target is marked around 3275, indicating a short-term bearish expectation. The cloud (Ichimoku) also aligns with bearish momentum as price is currently trading near or below the cloud.
The 1st target at 3275 represents a key support level where price previously consolidated and reversed. It’s likely chosen as a take-profit zone because:
It aligns with previous structure support.
It’s the nearest significant low after the recent break of structure.
It's a conservative target, offering a favourable risk-reward ratio from the current resistance rejection.
Traders may expect price to reach this level before assessing further continuation or reversal.
The 1st target at 3275 represents a key support level where price previously consolidated and reversed. It’s likely chosen as a take-profit zone because:
It aligns with previous structure support.
It’s the nearest significant low after the recent break of structure.
It's a conservative target, offering a favourable risk-reward ratio from the current resistance rejection.
Traders may expect price to reach this level before assessing further continuation or reversal.
交易結束：目標達成
congratulation target reached
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