Gold hit a key supply zone near 3334.80 and reacted with a sharp reversal. The price rejected this level strongly, confirming bearish pressure. A short position was executed around 3324.98, and the market quickly moved in favor of the trade.
The setup was based on:
• A clear supply zone and price rejection
• Bearish structure with lower highs
• High reward-to-risk potential
Trade Details:
• Entry: 3324.98
• Stop Loss: 3334.80 (above supply)
• Take Profit: Around 3289.50 (support zone)
• Bias: Bearish
• Asset: Gold (XAU/USD)
Clean execution with strong momentum confirmation!
The setup was based on:
• A clear supply zone and price rejection
• Bearish structure with lower highs
• High reward-to-risk potential
Trade Details:
• Entry: 3324.98
• Stop Loss: 3334.80 (above supply)
• Take Profit: Around 3289.50 (support zone)
• Bias: Bearish
• Asset: Gold (XAU/USD)
Clean execution with strong momentum confirmation!
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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.
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.