GOLD NEXT MOVE (10-10-2024)
Best Selling Zone: 2625-2629 area marked as a prime resistance level, ideal for short setups.
Trap Seller Area: Currently in play as price is testing this zone. Potential fake-out could trap early sellers before dropping.
Break of Structure (BOS): Confirmed break of structure on the lower timeframes, indicating bearish sentiment.
Look for a bearish rejection within the trap seller zone before entering shorts for a higher probability trade.
Wait for confirmation before entering the trade to avoid getting trapped in a false breakout.
Trap Seller Area: Currently in play as price is testing this zone. Potential fake-out could trap early sellers before dropping.
Break of Structure (BOS): Confirmed break of structure on the lower timeframes, indicating bearish sentiment.
Look for a bearish rejection within the trap seller zone before entering shorts for a higher probability trade.
Wait for confirmation before entering the trade to avoid getting trapped in a false breakout.
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