Gold is trading below key resistance at 3,280 after a sharp drop, now forming a bearish flag around the 3,240 zone. Technicals suggest a potential continuation lower with a favorable risk-reward ratio. Sell entry activated at 3,240, targeting strong support near 3,200 (400+ pips) with a stop loss placed 150 pips above resistance. Fundamentals support bearish bias amid USD strength and shifting sentiment.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
Trade active
Trade Active and Running 140+ Pips ProfitNote
Guys Gold Running At $3,222 180 Pips In ProfitTrade closed manually
Trade Was Closed At 3217 In 230+ Pips
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Telegram @Josh_trading
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t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
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.