📉 GOLD – Bearish Continuation Confirmed
After a clear Train Line breakout and rejection at the resistance zone, price action aligns perfectly with the bearish scenario we anticipated.
Key Points:
1. Train Line Breakout – The downward break confirmed bearish momentum.
2. SMA Confirmation – Price is trading below the moving average, adding confluence to the downside bias.
3. Market Structure – Double Change of Character (ChoCh) and multiple Break of Structure (BOS) confirm the shift from accumulation to distribution.
4. Manipulation Phase – The recent fake out provided liquidity for institutions to push price lower.
5. Targets –
• First: Mitigate the 1H Fair Value Gap.
• Second: Continue to the distribution zone near 3,323 – 3,316.
Conclusion:
This is no longer a corrective move — we are now in the expansion phase of the bearish cycle, aiming to complete liquidity grabs and mitigate inefficiencies before seeking deeper lows.
TRADERS GOOD LUCK… ;)
After a clear Train Line breakout and rejection at the resistance zone, price action aligns perfectly with the bearish scenario we anticipated.
Key Points:
1. Train Line Breakout – The downward break confirmed bearish momentum.
2. SMA Confirmation – Price is trading below the moving average, adding confluence to the downside bias.
3. Market Structure – Double Change of Character (ChoCh) and multiple Break of Structure (BOS) confirm the shift from accumulation to distribution.
4. Manipulation Phase – The recent fake out provided liquidity for institutions to push price lower.
5. Targets –
• First: Mitigate the 1H Fair Value Gap.
• Second: Continue to the distribution zone near 3,323 – 3,316.
Conclusion:
This is no longer a corrective move — we are now in the expansion phase of the bearish cycle, aiming to complete liquidity grabs and mitigate inefficiencies before seeking deeper lows.
TRADERS GOOD LUCK… ;)
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.