GOLD/XAUUSD BIG SELL COMING
I provided a buy signal from 2630 to 2690, generating 600+ pips in the recent week. Building on this success, I’ve identified new trading opportunities based on current market dynamics.
Market Dynamics
Resistance Zone (2710 - 2720):
Price has previously faced rejection at this level twice, marked by a red circle, indicating strong selling pressure. This is a supply zone where sellers are likely to dominate.
Support Zone (2656 - 2664):
A green circle marks a demand zone where buyers have consistently stepped in. This level is expected to hold, providing a potential bounce opportunity.
Projected Price Movement
1. Scenario 1 – Reversal at Resistance:
Price hits 2710 - 2720, faces rejection, and falls back to support near 2656.
2. Scenario 2 – Support Bounce:
Price rebounds from 2656 - 2664 and targets resistance at 2710 - 2720.
3. Alternative Breakout:
A breakout above 2720 signals continued bullish momentum, invalidating the sell setup.
Trade Strategy
1. Sell between 2710 - 2720
Stop-Loss: 2728
Target: 2656
2. Buy between 2656 - 2664
Stop-Loss: 2646
Target: 2710
Conclusion
This strategy focuses on high-probability trades within defined ranges, using precise entry points and stop-loss levels for risk management.
Please like, follow, comment, or share to support.
Market Dynamics
Resistance Zone (2710 - 2720):
Price has previously faced rejection at this level twice, marked by a red circle, indicating strong selling pressure. This is a supply zone where sellers are likely to dominate.
Support Zone (2656 - 2664):
A green circle marks a demand zone where buyers have consistently stepped in. This level is expected to hold, providing a potential bounce opportunity.
Projected Price Movement
1. Scenario 1 – Reversal at Resistance:
Price hits 2710 - 2720, faces rejection, and falls back to support near 2656.
2. Scenario 2 – Support Bounce:
Price rebounds from 2656 - 2664 and targets resistance at 2710 - 2720.
3. Alternative Breakout:
A breakout above 2720 signals continued bullish momentum, invalidating the sell setup.
Trade Strategy
1. Sell between 2710 - 2720
Stop-Loss: 2728
Target: 2656
2. Buy between 2656 - 2664
Stop-Loss: 2646
Target: 2710
Conclusion
This strategy focuses on high-probability trades within defined ranges, using precise entry points and stop-loss levels for risk management.
Please like, follow, comment, or share to support.
Trade active
The gold could not reach our sell area, however, it accurately touched our buying area at 2656, as analyzed above, if you took the buy at 2656 then it's running 220 pips as of now, you can take half and set breakeven on the remaining trade. Enjoy and follow and comment for more.Trade closed: target reached
Gold is running 500+ pips from our buying zone, I am still expecting to reach at 2270 for a daily liquidity.
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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.
✅Free Telegram Group
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
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.