Gold Uptrend is Breaking Don’t Miss This High Probability Short
Gold has been on an incredible 49-day bullish run, but signs are emerging that the momentum is fading. Is the reversal finally here? In this analysis, I break down why I believe gold is setting up for a potential short opportunity and how I plan to execute it.
Starting from the weekly timeframe, we identify a key rejection at $2943, signaling potential exhaustion after an extended bullish trend. On the daily timeframe, price has failed to hold above $2897, forming a critical rejection zone that could lead to further downside.
Diving deeper into the H4 and H1 timeframes, we observe a key structure break around $2900, followed by price failing to create a new high. This shift in market structure suggests a weakening bullish trend, increasing the probability of a bearish follow-through.
Key Levels to Watch:
🔹 Break & Retest Setup: Waiting for a clean break below $2881 (yesterday’s daily low), followed by a retest to confirm the sell-side momentum.
🔹 Bearish Target Zones: Liquidity levels at $2854, $2788, and $2747, with a final downside objective near $2746.
🔹 Risk Management: Stops will be determined based on price action confirmation, ensuring a controlled approach to the trade.
With buyers struggling to push higher and multiple liquidity pockets below, we could see a sharp pullback before any further upside continuation. This is not a long-term bearish call on gold but rather a short-term high-probability short setup to capitalize on potential downside movement.
📉 Will gold break lower, or will buyers regain control? Watch the full analysis, boost this idea, and share it with fellow traders so you don’t miss the next big move! 🚀💰
Starting from the weekly timeframe, we identify a key rejection at $2943, signaling potential exhaustion after an extended bullish trend. On the daily timeframe, price has failed to hold above $2897, forming a critical rejection zone that could lead to further downside.
Diving deeper into the H4 and H1 timeframes, we observe a key structure break around $2900, followed by price failing to create a new high. This shift in market structure suggests a weakening bullish trend, increasing the probability of a bearish follow-through.
Key Levels to Watch:
🔹 Break & Retest Setup: Waiting for a clean break below $2881 (yesterday’s daily low), followed by a retest to confirm the sell-side momentum.
🔹 Bearish Target Zones: Liquidity levels at $2854, $2788, and $2747, with a final downside objective near $2746.
🔹 Risk Management: Stops will be determined based on price action confirmation, ensuring a controlled approach to the trade.
With buyers struggling to push higher and multiple liquidity pockets below, we could see a sharp pullback before any further upside continuation. This is not a long-term bearish call on gold but rather a short-term high-probability short setup to capitalize on potential downside movement.
📉 Will gold break lower, or will buyers regain control? Watch the full analysis, boost this idea, and share it with fellow traders so you don’t miss the next big move! 🚀💰
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.