🪙 GOLD (XAUUSD) SHORT SETUP – Liquidity Grab Play 📉🔥
Here’s a potential short setup forming on Gold (1H timeframe):
🔹 Liquidity Sweep:
Price just tapped into a key supply zone after an aggressive bullish move, grabbing liquidity above recent highs (marked $$$). This is a classic setup for a potential reversal or retracement.
🔹 Premium Zone Entry:
The short position is taken right after price tapped the supply zone between 3340–3354, showing early signs of exhaustion.
🔹 Trade Setup:
Entry: Near 3341.30
SL: Just above supply at ~3354.13
TP: Down near the recent demand/imbalance at 3263.42
RRR: High reward potential with minimal risk.
🔹 Confluence Factors:
Price filled imbalance with strong momentum.
Reversal likely if no continuation above supply.
Key psychological levels and liquidity engineered below price.
📊 Execution Plan:
Watch lower timeframe confirmations (M15/M5 rejection or engulfing).
Manage stop based on how price behaves around 3350.
⚠️ As always, risk smart. Let the market confirm your bias before committing fully.
Note: wait for confirmation
Here’s a potential short setup forming on Gold (1H timeframe):
🔹 Liquidity Sweep:
Price just tapped into a key supply zone after an aggressive bullish move, grabbing liquidity above recent highs (marked $$$). This is a classic setup for a potential reversal or retracement.
🔹 Premium Zone Entry:
The short position is taken right after price tapped the supply zone between 3340–3354, showing early signs of exhaustion.
🔹 Trade Setup:
Entry: Near 3341.30
SL: Just above supply at ~3354.13
TP: Down near the recent demand/imbalance at 3263.42
RRR: High reward potential with minimal risk.
🔹 Confluence Factors:
Price filled imbalance with strong momentum.
Reversal likely if no continuation above supply.
Key psychological levels and liquidity engineered below price.
📊 Execution Plan:
Watch lower timeframe confirmations (M15/M5 rejection or engulfing).
Manage stop based on how price behaves around 3350.
⚠️ As always, risk smart. Let the market confirm your bias before committing fully.
Note: wait for confirmation
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.
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.