🔻 XAUUSD Sell Setup 🔻
📌 Key Factors for Short Position:
Strong Supply Zone (Red Area) 🚨 Price is testing a previously respected resistance level.
Bearish Divergence on RSI 📉 RSI is overbought (above 70), indicating potential exhaustion.
Trendline Rejection ⚠️ Price reacted from a key descending trendline.
Liquidity Grab Possible 🔥 Fake breakout before reversal is likely.
📉 Target Levels:
First TP: 3,005
Second TP: 2,990
📌 Key Factors for Short Position:
Strong Supply Zone (Red Area) 🚨 Price is testing a previously respected resistance level.
Bearish Divergence on RSI 📉 RSI is overbought (above 70), indicating potential exhaustion.
Trendline Rejection ⚠️ Price reacted from a key descending trendline.
Liquidity Grab Possible 🔥 Fake breakout before reversal is likely.
📉 Target Levels:
First TP: 3,005
Second TP: 2,990
Trade active
Note
tp 3024,3014, 3005, 2990
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.