As I explained in yesterday’s analysis, my medium-term bias for Gold turned bearish, and I expect the 3250 support zone to be reached. My current strategy remains to sell rallies.
As shown in the chart, after reaching the 3285 support level — the same area where Gold reversed last week — price has once again reversed.
This recent reversal can be seen as a new shorting opportunity, anticipating a drop toward 3250.
📌 As detailed in this morning's "Minds" post:
• Sell zone: 3320–3330
• Invalidation: Above 3350
• Target: ~700+ pips potential depending on entry
• Risk-to-Reward: Strong 1:3 setup possible
Unless price breaks above 3350, selling rallies remains the plan.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
As shown in the chart, after reaching the 3285 support level — the same area where Gold reversed last week — price has once again reversed.
This recent reversal can be seen as a new shorting opportunity, anticipating a drop toward 3250.
📌 As detailed in this morning's "Minds" post:
• Sell zone: 3320–3330
• Invalidation: Above 3350
• Target: ~700+ pips potential depending on entry
• Risk-to-Reward: Strong 1:3 setup possible
Unless price breaks above 3350, selling rallies remains the plan.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade closed: target reached
Target hit after perfect entry
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.