Gold continues to get rejected off inverted FvGs, all while grinding inside the turning area—and from where I’m standing, the top looks locked in.
We’re now heading straight down the pink ABC structure, with targets lining up at $3,000 and lower. The first major resistance on this descent is marked in white—a critical level to watch.
If we see a strong bullish bounce there, perfect—that’s our chance to scale into a bigger short position with precision.
The tide’s turning. Don’t fight the flow.
We’re now heading straight down the pink ABC structure, with targets lining up at $3,000 and lower. The first major resistance on this descent is marked in white—a critical level to watch.
If we see a strong bullish bounce there, perfect—that’s our chance to scale into a bigger short position with precision.
The tide’s turning. Don’t fight the flow.
Note
Beautiful trade development so far.
Price reacted perfectly at the resistance line and is now making its way back up.
I’m expecting a turn in the yellow area, right around the pink order block. That said, since we’ve kicked off a micro bullish structure, I wouldn’t be surprised to see price overextend slightly beyond the correction level into the target zones.
Unlikely? Maybe.
But as always—expected and accounted for.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
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.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
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.