It's my gold sell setup:
Sell Entry: 2863
Resistance (Stop-Loss Level): 2876
Target (Take Profit): 2810
Risk-Reward Analysis:
Stop-Loss: 2876 - 2863 = 130 points
Take Profit: 2863 - 2810 = 530 points
Risk-Reward Ratio: 1:4.08 (which is a good R:R setup)
Trade Plan:
If price rejects 2863 and moves down, the target of 2810 is reasonable.
If price breaks above 2863, watch for a possible move towards 2876.
Confirmation: Look for bearish price action (like rejections or bearish candlestick patterns) before entering.
Do you need any adjustments based on market conditions?