GOLD SHORT
In this trade idea for XAU/USD on the 30-minute chart, I identified a potential short setup.
The price is approaching a significant supply zone around 2394.070, highlighted in purple.
I anticipate a reversal in this area, with a possible drop to lower levels.
Volume analysis shows a decline in buying pressure, supporting the likelihood of a bearish move.
I'll look for confirmation before entering a short position, targeting lower support levels.
THE CANDLES APPROACH BACK TO THE ZONE IS CORRECTIVE WHICH FURTHER SUPPORTS THE SELL BIAS
what's your thoughts?
The price is approaching a significant supply zone around 2394.070, highlighted in purple.
I anticipate a reversal in this area, with a possible drop to lower levels.
Volume analysis shows a decline in buying pressure, supporting the likelihood of a bearish move.
I'll look for confirmation before entering a short position, targeting lower support levels.
THE CANDLES APPROACH BACK TO THE ZONE IS CORRECTIVE WHICH FURTHER SUPPORTS THE SELL BIAS
what's your thoughts?
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