Hey traders,
Gold finally reached an upper boundary of a major daily supply zone that we previously identified.
Now we also have a nice confluence of a horizontal structure and a resistance line of a rising parallel channel.
That point may give us a nice intraday shorting opportunity.
To short the market with a confirmation, follow a rising parallel channel on 1H time frame.
Its bearish breakout will be a good trigger to sell.
Goals will be - 1840; support of the major daily channel.
In case of a bullish violation of a yellow structure cluster, the setup will be invalid.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.