Caption important🛑🛑🛑
Hello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
Gold has broken a key trendline on the 4H chart, and I believe the bearish move could continue today, potentially down to at least $3300.
My expectation is that price will first reach the $3335–$3340 zone. From there, you can look for a good short opportunity, with a suggested stop-loss at $3355.
If you’re willing to take on more risk, you could consider opening a short position from the current level around $3325, using a reasonable position size.
Personally, I prefer to wait for price to reach the orange zone ($3335) and enter a solid short position from there.
What Do You Think?
Which scenario do you think is more likely to happen? **Share your thoughts!** ⬇️
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Be Happy , Ali Jamali
Hello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
Gold has broken a key trendline on the 4H chart, and I believe the bearish move could continue today, potentially down to at least $3300.
My expectation is that price will first reach the $3335–$3340 zone. From there, you can look for a good short opportunity, with a suggested stop-loss at $3355.
If you’re willing to take on more risk, you could consider opening a short position from the current level around $3325, using a reasonable position size.
Personally, I prefer to wait for price to reach the orange zone ($3335) and enter a solid short position from there.
What Do You Think?
Which scenario do you think is more likely to happen? **Share your thoughts!** ⬇️
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Be Happy , Ali Jamali
Note
Look for short positions in the range of 3335 to 3345 and enter. We are on the right track for now. This analysis will be violated if the one-hour candle closes above 3355.Trade closed: target reached
Congratulations! I hope you took advantage of it. I told you that gold needed to drop further. The trendline that was broken on the 4-hour chart was very important, and after the pullback to it, we saw a significant decline.Don’t forget to like and follow!
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.
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.