📉 Gold - Short Setup Off Major Trendline Rejection
Gold has broken down through the rising trendline and is now retesting it — the moment of truth! 🧐
🔻 Short Entry: 3,336
🎯 Target: 3,236 (Fib 1.0 + HVN gap fill)
🛑 Stop: 3,346 (Above trendline retest)
⚖️ Risk/Reward: ~1:10
📊 Bonus: High volume node above adds resistance. Bearish volume profile structure confirms the breakdown bias.
Watching for volume to pick up on the move down. Let's see if GC bleeds into August. 🩸📆
Gold has broken down through the rising trendline and is now retesting it — the moment of truth! 🧐
🔻 Short Entry: 3,336
🎯 Target: 3,236 (Fib 1.0 + HVN gap fill)
🛑 Stop: 3,346 (Above trendline retest)
⚖️ Risk/Reward: ~1:10
📊 Bonus: High volume node above adds resistance. Bearish volume profile structure confirms the breakdown bias.
Watching for volume to pick up on the move down. Let's see if GC bleeds into August. 🩸📆
Trade closed manually
I should've been looking at the GC2! so close to expiration. I don't like it anymore. Trade canceled.
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🚀 Founder of SciQua | Strategy. Simulation. Signals.
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
Join free, compete, win, and stay updated at sciqua.com
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
Join free, compete, win, and stay updated at sciqua.com
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.