Yesterday was a great day for Gold bears – just as anticipated, price dropped nearly 1,000 pips and hit my target zone around 3200.
After such a strong move, we’re now seeing a typical rebound, which might offer a fresh opportunity to sell into strength and ride the prevailing trend.
🔍 Key Zone:
- 3270 now acts as resistance.
- If price stalls here, it’s the ideal area to look for short entries targeting a retest of 3200.
🛠️ Plan: Sell spikes into 3270 resistance and stay with the trend.
After such a strong move, we’re now seeing a typical rebound, which might offer a fresh opportunity to sell into strength and ride the prevailing trend.
🔍 Key Zone:
- 3270 now acts as resistance.
- If price stalls here, it’s the ideal area to look for short entries targeting a retest of 3200.
🛠️ Plan: Sell spikes into 3270 resistance and stay with the trend.
📈 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.