GOLD: One More Wave Down?
after gold set lower high on 4h and dropped to a demand zone 1523 -1527,
for me, it was enough to look for a short trade on 4H.
I am paying close attention to an orange demand zone and wait for a bearish breakout of it
to short.
if breakout condition is met,
we can execute the trade:
T1 - 1512
T2 - 1500
IF the market respects the support and sets new higher high, higher close, the setup will be invalid.
Note
Bulls were rejected one more time!Very good signal for all who short :)
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.