A strong trend-following short setup has triggered on Gold (XAU/USD) as price continues to make lower highs and breaks recent support.
📉 Trade Details
Entry: $3,185.02325 (Fib pullback entry)
Stop Loss: $3,212.87809 (above prior structure high)
Take Profit: $3,129.31357 (previous demand zone)
Risk/Reward: ~1:2 — ideal for intraday continuation
📊 Technical Confluence
✅ EMA OK: Price trades below key EMAs
✅ HTF EMA OK: Higher timeframe confirms downtrend
✅ RSI OK: Bearish momentum in play
✅ MACD OK: Bearish MACD crossover confirmed
✅ Volume OK: Supported by volume expansion
📉 Trade Details
Entry: $3,185.02325 (Fib pullback entry)
Stop Loss: $3,212.87809 (above prior structure high)
Take Profit: $3,129.31357 (previous demand zone)
Risk/Reward: ~1:2 — ideal for intraday continuation
📊 Technical Confluence
✅ EMA OK: Price trades below key EMAs
✅ HTF EMA OK: Higher timeframe confirms downtrend
✅ RSI OK: Bearish momentum in play
✅ MACD OK: Bearish MACD crossover confirmed
✅ Volume OK: Supported by volume expansion
Trade closed: target reached
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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.