GOLD: (XAUUSD) daily short
Gold was able to pump up 1755 a major support zone previous from August 2020.
with these week's supply it has been able to form horizontal structure and a resistance line of a rising parallel channel .
daily selling opportunity may thus present itself following a bearish break out
possible entry zone around 1867.75
with a TP1 and 2 of around 1755.55 and 1749.30
In case of a bullish violation of a yellow structure cluster, the setup will be invalid.
Note
first TP1 target HIT !!Trade closed: target reached
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.