XAUUSD D1: 20% Correction TP BEARS 1550 USD (SL/TP)(SWING)

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XAUUSD D1: 20% Correction TP BEARS 1550 USD (SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.
HOWEVER. Entry from overhead. read entire
idea before executing this trade.


🔸 Summary and potential trade setup
::: XAUUSD D1 chart review/outlook
::: mid-term outlook for position traders
::: updated/revised outlook
::: we just broke down on weekly chart
::: S/R broke down on heavy volume
::: we are already topped out
::: also heavy DOUBLE TOP rejection
::: expecting more losses / fresh dumps
::: the sequence BEARS not complete yet
::: BEARS maintain control for now
::: recommend to focus on SHORTING rips/rallies
::: there is no valid setup for the BULLS in this market
::: if there are bounces/rips/rallies SHORT IT.
::: this market is in BEARS MODE now
::: valid target BEARS is 1475/1550 USD
::: my final PT for BEARS is 1475 USD
::: 20% correction in progress
::: recommended strategy: SHORT/HOLD
::: 1475 USD final TP for position traders
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1475 USD fresh demand zone
::: 1700 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/DUMP
::: Sentiment outlook mid-term: BEARS/DUMP

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
nice progress so far today, we keep dumping
Note
no support in sight until 1550 USD
Chart PatternsTechnical IndicatorsTrend AnalysisXAUUSD

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