Gold (XAU/USD) – 1H Chart Analysis
Date: July 31, 2025
Broker: Capital.com
Instrument: Gold/USD
Timeframe: 1-hour
🔍 Technical Overview:
Current Price: $3,295.51
Planned Short Entry: $3,308.51
Stop Loss: $3,320.85
Target (TP): $3,269.05
Risk-Reward Ratio: Approximately 1:3
🟨 Key Zones:
Supply Zone (Resistance):
$3,308.51 – $3,320.85
Previous consolidation area.
Price broke down sharply from this zone.
Demand Zone (Support):
Around $3,269.05
Previous support level where price showed a bounce.
📉 Trade Idea: Bearish Setup
Entry Logic:
Price is expected to retest the broken support (now resistance) near $3,308.51 before continuing downward.
A rejection from this zone offers a good entry for a short trade.
Price Projection:
The blue path anticipates a small bounce before a drop to the target level at $3,269.05.
⚠️ Trade Management Notes:
Confluence:
Break of structure to the downside confirms bearish bias.
Rejection wicks and consolidation near resistance indicate exhaustion.
Confirmation Needed:
Wait for bearish candlestick patterns at entry zone for safer execution.
📌 Summary:
Bias: Bearish
Strategy: Sell on pullback to $3,308.51
Stop Loss: $3,320.85
Take Profit: $3,269.05
Reward: ~38.5 points
Risk: ~12.3 points
Date: July 31, 2025
Broker: Capital.com
Instrument: Gold/USD
Timeframe: 1-hour
🔍 Technical Overview:
Current Price: $3,295.51
Planned Short Entry: $3,308.51
Stop Loss: $3,320.85
Target (TP): $3,269.05
Risk-Reward Ratio: Approximately 1:3
🟨 Key Zones:
Supply Zone (Resistance):
$3,308.51 – $3,320.85
Previous consolidation area.
Price broke down sharply from this zone.
Demand Zone (Support):
Around $3,269.05
Previous support level where price showed a bounce.
📉 Trade Idea: Bearish Setup
Entry Logic:
Price is expected to retest the broken support (now resistance) near $3,308.51 before continuing downward.
A rejection from this zone offers a good entry for a short trade.
Price Projection:
The blue path anticipates a small bounce before a drop to the target level at $3,269.05.
⚠️ Trade Management Notes:
Confluence:
Break of structure to the downside confirms bearish bias.
Rejection wicks and consolidation near resistance indicate exhaustion.
Confirmation Needed:
Wait for bearish candlestick patterns at entry zone for safer execution.
📌 Summary:
Bias: Bearish
Strategy: Sell on pullback to $3,308.51
Stop Loss: $3,320.85
Take Profit: $3,269.05
Reward: ~38.5 points
Risk: ~12.3 points
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.