Trade Assessment: My short at $3,305.69 is under pressure with gold at $3,306.52, just 5 pips from my stop-loss. The spike to $3,306.52 looks like a liquidity grab, as smart money often hunts stop-losses above key levels like the $3,306.21 order block before resuming the downtrend. I’m holding the trade for now, as the broader bearish trend remains intact, and my target at $3,294.71 is still valid. However, if price breaks above $3,306.98 (the previous high), I’ll exit early to avoid a trend reversal. I’ve been refining this system for six months, and while it’s rated a ten out of ten, I’ve learned from past mistakes—like missing RSI signals on April 22 at $3,499.99—so I’m staying vigilant.
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.