This chart displays a 15-minute candlestick chart of Gold Spot (XAU/USD) with a clearly marked trade setup. Here’s a quick breakdown of what it illustrates:
Buy Zone: Marked in the orange shaded area around the price of $3,372.194 to $3,364.121.
Entry Point: Near the lower edge of the buy zone.
Target: Around $3,393.363, marked as “target successful”.
Risk-to-Reward Setup: The green area represents the profit target; the red area below is the stop-loss zone.
Arrow Path: Indicates the anticipated price movement from the buy zone up to the target level.
This is a classic bullish reversal setup after a price drop, aiming for a retracement or continuation upward.
Would you like help analyzing this trade setup or suggestions for improving the strategy?