XAUUS SHORT
Selling Zone (Red Highlighted Area):
This area represents a potential resistance zone where sellers are expected to step in.
It is likely based on past price action where the market previously reversed downward.
Liquidity Zone (Dashed Line Below Selling Zone):
This suggests an area where stop-loss orders and pending orders might be placed.
Traders often look at liquidity levels for potential reversals or breakouts.
Current Price Action (Near the Selling Zone):
The price moved upwards towards the selling zone and has started showing signs of rejection.
A red candlestick indicates selling pressure after reaching this resistance area.
This area represents a potential resistance zone where sellers are expected to step in.
It is likely based on past price action where the market previously reversed downward.
Liquidity Zone (Dashed Line Below Selling Zone):
This suggests an area where stop-loss orders and pending orders might be placed.
Traders often look at liquidity levels for potential reversals or breakouts.
Current Price Action (Near the Selling Zone):
The price moved upwards towards the selling zone and has started showing signs of rejection.
A red candlestick indicates selling pressure after reaching this resistance area.
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.