Greetings, dear traders!
Just a reminder, the overall trend for gold remains bullish. However, we are currently witnessing a potential sell opportunity around the 3035 level. From this point, you can consider taking an entry for a move of 100 pips or more. For a more confirmed sell trade, look for entries in the 3046-3050 area.
For targets, gold's support at 3020 will serve as TP1. The current pivot is at 3010. If gold successfully breaks this level, we may see prices move down to 3000, with the final target at 2980.
It's also important to note that geopolitical tensions are impacting the market. Recent positive news could cause gold prices to cool off, pushing the price lower.
If we look at the behavior of smart money, it appears they booked their profits around the 3050 level. Now, they are likely to re-enter the market, but before doing so, they will likely pull gold back to the downside. This pullback creates a potential sell opportunity.
As smart money positions itself for the next move, we can look for a selling entry during this pullback to capitalize on the downward movement.
Good Luck traders
Just a reminder, the overall trend for gold remains bullish. However, we are currently witnessing a potential sell opportunity around the 3035 level. From this point, you can consider taking an entry for a move of 100 pips or more. For a more confirmed sell trade, look for entries in the 3046-3050 area.
For targets, gold's support at 3020 will serve as TP1. The current pivot is at 3010. If gold successfully breaks this level, we may see prices move down to 3000, with the final target at 2980.
It's also important to note that geopolitical tensions are impacting the market. Recent positive news could cause gold prices to cool off, pushing the price lower.
If we look at the behavior of smart money, it appears they booked their profits around the 3050 level. Now, they are likely to re-enter the market, but before doing so, they will likely pull gold back to the downside. This pullback creates a potential sell opportunity.
As smart money positions itself for the next move, we can look for a selling entry during this pullback to capitalize on the downward movement.
Good Luck traders
Trade active
The short-term trade setup worked successfully for 100 pips, with the market dropping from 3033, and our entry point was 3035. However, if you have experience and were paying close attention to the price action at that moment, you would have likely taken a sell position, and you'd be in profit right now.Trade closed: target reached
Beautifully market came to our pivot point 3010 about which we told to you all, hope you guys earned good from our analysis. 
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.