Gold continues to face downside pressure, as price breaks below a key support zone. The structure indicates a potential short opportunity with a clear target in mind.
Trade Setup:
Entry: 3,190
Target: 3,137
Stop Loss: As per individual risk management
Technical Overview:
Price has broken below the minor support around $3,205, indicating weakening bullish strength.
The next key level is the $3,160 area, which if broken, opens the path toward $3,137 — our defined target zone.
This area has acted as support previously and could attract buying interest again, so caution is advised as price approaches this level.
Bias: Bearish
Strategy: Watching for a continuation toward the lower support after breakdown confirmation.
Note: Always manage risk responsibly and confirm entries with price action.
Conclusion:
Gold is showing a bearish continuation pattern with a clean downside target at $3,137. Traders should look for momentum and volume confirmation before entry.
Trade Setup:
Entry: 3,190
Target: 3,137
Stop Loss: As per individual risk management
Technical Overview:
Price has broken below the minor support around $3,205, indicating weakening bullish strength.
The next key level is the $3,160 area, which if broken, opens the path toward $3,137 — our defined target zone.
This area has acted as support previously and could attract buying interest again, so caution is advised as price approaches this level.
Bias: Bearish
Strategy: Watching for a continuation toward the lower support after breakdown confirmation.
Note: Always manage risk responsibly and confirm entries with price action.
Conclusion:
Gold is showing a bearish continuation pattern with a clean downside target at $3,137. Traders should look for momentum and volume confirmation before entry.
Trade active
70pips hitNote
480 pips profts successful guys last Target Point 3137big congratulaions my all followers
Trade closed: target reached
530 pips profit done and successful followers next signal ready 
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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.
Related publications
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.