XAU/USD (Gold) Short Setup – Sell from ALL TIME HIGH
Updated
Entry 1: 2,528 (First entry at resistance)
Entry 2: 2,538 (Second entry at a higher resistance) (Load more % Risk in second entries)
Stop Loss (SL): Above 2,550 to manage risk in case the price breaks above resistance.
TP1: 2,505 (First support zone)
TP2: 2,475-2480 Zone (Next major support level)
Analysis:
Resistance Rejection: The price is approaching the key sell zone between 2,528 and 2,538, and we expect sellers to take control from this level.
Bearish Continuation: The market is in a corrective phase, and the bearish momentum could take the price down to 2,478 and beyond.
Risk Management: A stop loss at 2,550 ensures protection in case of a breakout to the upside, while targeting the support levels below.
Manage risk when trading all time highs, look for (3-5) 15 min candles with strong supply wicks to be formed, which can indicate some exhaustion in the current trend that might lead to a trend reversal.
Comment
IN HUGE PROFITS, SET SL AT BREAKEVEN AND CANCEL ALL PENDING LIMITS, CLOSE 50%Trade closed: target reached
SNIPER ENTRY
#GOLD #GOLD #GOLD
Comment
Its Friday, Play it safe, OUT 80% at 2509, holding 20% at BEComment
TP1 HIT, OUT OF ALL POSITIONS. EXPECTING SOME BULLISH MOMENTUM FROM HERRTrade closed: target reached
BOOM!! TP2 HIT!!
#GOLD #GOLD #GOLD
Comment
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