📉 Gold Outlook – Continuation Sell Setup To Target Monday Low
As anticipated in Wednesday’s analysis, Gold established its weekly high around the 343x zone and has since continued its downward move.
Given the prevailing bearish momentum, I remain biased toward identifying continuation sell opportunities during today’s session. The short-term target is the Monday candle low at 3345.
🔹 Trading Plan:
Consider allocating partial capital for a speculative entry in the 3381–3387 zone.
Alternatively, wait for a retest of this supply zone. Ideal entry confirmation would include:
Visible bearish momentum,
And a confirmed Change in State of Delivery (CISD) on at least the 15-minute timeframe (M30 or H1 will offer higher reliability).
Stay disciplined, manage your risk, and let the market come to you.
As anticipated in Wednesday’s analysis, Gold established its weekly high around the 343x zone and has since continued its downward move.
Given the prevailing bearish momentum, I remain biased toward identifying continuation sell opportunities during today’s session. The short-term target is the Monday candle low at 3345.
🔹 Trading Plan:
Consider allocating partial capital for a speculative entry in the 3381–3387 zone.
Alternatively, wait for a retest of this supply zone. Ideal entry confirmation would include:
Visible bearish momentum,
And a confirmed Change in State of Delivery (CISD) on at least the 15-minute timeframe (M30 or H1 will offer higher reliability).
Stay disciplined, manage your risk, and let the market come to you.
Trade closed: target reached
Price followed the expected path, dropping sharply and hitting the Monday low at 3345, exactly as projected.Moreover, the entire weekly outlook played out well:
Gold formed its weekly high on Wednesday,
Then accelerated its decline throughout Thursday and Friday.
A great week of precision trading backed by structure and momentum. Let's carry this clarity into the next setup.
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.
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.