GOLD: The Looming Downfall? Short Opportunity
This idea is based on my previous gold analysis, with updated risk-reward calculations following the formation of a green-red candle resistance on the daily chart.
1. Gold is forming a bearish trend, evidenced by lower lows.
2. On Thursday, August 22, 2024, Gold broke minor daily support at 2,497.400.
A bullish close on Friday, Monday and Tuesday suggests a potential liquidity hunt before a significant downward move.
3. A green-red candle resistance on the daily timeframe has formed, confirming the bearish outlook.
Stop-Loss: 2,537.0772
Targets: 2,493.326, 2,488.453, and 2,463.273
1. Gold is forming a bearish trend, evidenced by lower lows.
2. On Thursday, August 22, 2024, Gold broke minor daily support at 2,497.400.
A bullish close on Friday, Monday and Tuesday suggests a potential liquidity hunt before a significant downward move.
3. A green-red candle resistance on the daily timeframe has formed, confirming the bearish outlook.
Stop-Loss: 2,537.0772
Targets: 2,493.326, 2,488.453, and 2,463.273
Trade aktif
110+ pips :-)
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300+ pips
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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.