1. Support & Resistance Zones:
Resistance Zone: Marked at the top where price is expected to struggle to break higher.
Support Zone: Marked at the bottom where price has historically bounced back up.
2. Market Structure:
The chart displays higher highs (HH) and higher lows (HL), indicating an uptrend.
A bearish pattern is forming at the resistance zone, suggesting a potential price drop.
3. Trade Setup:
Entry Level: Around 3,004 USD (Resistance Zone).
Target Level: Around 2,945 USD (Support Zone).
4. Technical Analysis:
The price recently made a strong bullish move (sharp upward trend).
A potential reversal or retracement is expected as the price faces resistance.
If price breaks down from this level, it may fall towards the target.
ITS NOT FINANCIAL ADVISE WE ARE GOING SHORT ON GOLD
Trade closed: stop reached
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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.
Free Accurate GOLD Signals Quality Education 🎓Quality Analysis 🔥🔥High Impact News Livetrades Accuracy 100% 💯💯 All FREE!
@Mrjeff6666
@Mrjeff6666
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.