Gold, finding for a retest or strong short signal
Updated
Not much bull now, but I want to wait for a retest or one more good signal to re-enter my short.
Trade active
Added Short at 2690Note
2679 is my major support nowNote
The volume profile shows lower levels of trading volume as the price drops, which may indicate the absence of significant buying interest at current levels. This pattern could further support a bearish continuation until a major volume node or significant support is hit.
With the price moving downward, observe whether the selling volume increases on the next few candles. An increase in volume while breaking key levels would confirm bearish intent.
Bearish Continuation: If the price remains below 2,687.7 and volume increases, a further decline to test lower levels at 2,679.0 and potentially 2,670.5 is possible. Keep an eye on any bearish candles with high volume, as they would reinforce the move.
Bullish Reversal Attempt: If buyers step in near 2,687.7 or 2,679.0, a retracement could test resistance at the EMAs and the 0.764 retracement at 2,693.06. Failing to reclaim 2,696.2 would likely keep the bearish bias intact.
Note
Cuz we a in a support level, I just added trailing stoploss to keep profit positive.Trade closed manually
traling stoploss reached with profitNote
I reenter the short at 2685Note
Below 2690 and below MA100. the bear still in controlNote
below 2680, bear would totally control the market.Note
and breakdown 2678 is a good signal, I will add more short and target to the wave 5-circle down.Note
2687 is the key, bears want to keep this levelNote
Closed all trade at 2687.
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