Yesterday was a high-volatility day, and we all know why.
Gold surged to yet another all-time high at 3,168, and luckily, I had already closed my sell trade around break-even—otherwise, my stop loss would have been triggered.
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Gold Still Set for a Hard Drop?
Despite the rally, my outlook remains unchanged—I still believe Gold is due for a significant correction.
📉 3,100 Held as Support – But buyers are struggling to hold onto gains around 3150
📉 Every New High is a Selling Opportunity – So far, Gold has failed to sustain its breakouts, reinforcing a potential distribution phase.
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Trading Plan: Selling the Rallies
🔻 Target: At least 3,080
🔻 Preferred Strategy: Continue selling into rallies
For now, I remain bearish and will keep looking for opportunities to short the market. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold surged to yet another all-time high at 3,168, and luckily, I had already closed my sell trade around break-even—otherwise, my stop loss would have been triggered.
________________________________________
Gold Still Set for a Hard Drop?
Despite the rally, my outlook remains unchanged—I still believe Gold is due for a significant correction.
📉 3,100 Held as Support – But buyers are struggling to hold onto gains around 3150
📉 Every New High is a Selling Opportunity – So far, Gold has failed to sustain its breakouts, reinforcing a potential distribution phase.
________________________________________
Trading Plan: Selling the Rallies
🔻 Target: At least 3,080
🔻 Preferred Strategy: Continue selling into rallies
For now, I remain bearish and will keep looking for opportunities to short the market. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade closed: target reached
Crushed the 3080 target
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.