Gold Trade Setup – Long Invalidated, Watching Retest for Short

10 Jul

Gold has been consolidating between $3,200 and $3,500, recently pressing against a descending resistance line that has rejected price several times. I was favoring the upside, but our long setup was invalidated — the stop loss at $3,330 was hit.

Price is now retesting ascending support, and I'm shifting focus to a short opportunity, using our previous long entry level (~$3,333) as a key area of interest for entries.

Here’s the updated plan:
Short Entry: Around $3,333
Stop Loss: $3,340
Take Profit: $3,303

Remaining cautious but opportunistic — the larger structure is vulnerable and could break further if support fails.

10 Jul

Trade aktif

Short entry opened at 3,333.4