**📉 Gold Short Trade Idea - Trend Continuation Setup**
I'm looking for a **sell opportunity** on Gold (XAU/USD) based on the bearish market structure and key confluences:
✅ **Bearish Trendline Respect:** Price is rejecting the descending trendline.
✅ **Supply Zone Rejection:** 2,877 - 2,878 acting as resistance.
✅ **Volume Confirmation:** Selling pressure is increasing.
✅ **Market Structure Shift (MSS):** Lower highs & lower lows confirming a downtrend.
✅ **RSI Weakness:** Bearish momentum remains strong.
**📌 Trade Plan:**
🔹 **Sell Entry:** 2,877 - 2,878 (after rejection confirmation).
🔹 **Stop Loss:** Above 2,880 - 2,882 (above liquidity zone).
🔹 **Take Profit Targets:**
- 🎯 **TP1:** 2,870
- 🎯 **TP2:** 2,865
- 🎯 **TP3:** 2,858
📊 *Risk Management:* Waiting for price to confirm rejection before entering. A break above 2,880 invalidates the setup.
📢 **Let me know your thoughts! Would you take this trade?** 🚀 #Gold #XAUUSD #Forex #Trading
I'm looking for a **sell opportunity** on Gold (XAU/USD) based on the bearish market structure and key confluences:
✅ **Bearish Trendline Respect:** Price is rejecting the descending trendline.
✅ **Supply Zone Rejection:** 2,877 - 2,878 acting as resistance.
✅ **Volume Confirmation:** Selling pressure is increasing.
✅ **Market Structure Shift (MSS):** Lower highs & lower lows confirming a downtrend.
✅ **RSI Weakness:** Bearish momentum remains strong.
**📌 Trade Plan:**
🔹 **Sell Entry:** 2,877 - 2,878 (after rejection confirmation).
🔹 **Stop Loss:** Above 2,880 - 2,882 (above liquidity zone).
🔹 **Take Profit Targets:**
- 🎯 **TP1:** 2,870
- 🎯 **TP2:** 2,865
- 🎯 **TP3:** 2,858
📊 *Risk Management:* Waiting for price to confirm rejection before entering. A break above 2,880 invalidates the setup.
📢 **Let me know your thoughts! Would you take this trade?** 🚀 #Gold #XAUUSD #Forex #Trading
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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.