GOLD | Preparing for Short Opportunity
I am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg.
Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
Order dibatalkan
The short-sell setup has been canceled as price dropped significantly before reaching the PRZ (2815-2830). At this stage, I will monitor for a potential retracement around 2690. If price pulls back to this level, it could present an opportunity to enter short for further downside.Catatan
Pullback and Further Price Decline
After a brief pullback to around the 2690 level, gold resumed its downward trend, showing strong bearish momentum.
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.