As highlighted in Friday’s analysis, the daily and short-term charts remain messy, but the weekly chart is leaning clearly bearish – with a potential Dark Cloud Cover candlestick formation now confirmed.
🌍 Geopolitical Gap Up... and Quick Rejection
Monday’s Asian open brought a gap up, triggered by renewed tensions in the Middle East. But price failed to break above 3400 and quickly reversed – a textbook sign of weakness, not strength.
🧭 Technical View:
- The weekly candle closed as a Dark Cloud Cover, a strong bearish reversal signal
- The lack of follow-through after the gap up further confirms sellers are still in control
- Price remains below the key 3400 level, showing no bullish momentum behind recent spikes
📌 Trading Plan:
I continue to sell rallies, with an initial target near 3300. If bearish momentum builds, lower levels are in play.
Let the chart lead – don’t get distracted by the noise.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
🌍 Geopolitical Gap Up... and Quick Rejection
Monday’s Asian open brought a gap up, triggered by renewed tensions in the Middle East. But price failed to break above 3400 and quickly reversed – a textbook sign of weakness, not strength.
🧭 Technical View:
- The weekly candle closed as a Dark Cloud Cover, a strong bearish reversal signal
- The lack of follow-through after the gap up further confirms sellers are still in control
- Price remains below the key 3400 level, showing no bullish momentum behind recent spikes
📌 Trading Plan:
I continue to sell rallies, with an initial target near 3300. If bearish momentum builds, lower levels are in play.
Let the chart lead – don’t get distracted by the noise.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade active
Gold testested the hights of the day 3 times.For bearish outlook to remain intact we need a daily close towards 3360
Trade closed: target reached
3300 touched
📈 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.