Gold has broken below a key consolidation zone, indicating potential for further downside.
🔹 Sell Zone: Watching 2902 - 2905 for a possible retest before continuation.
🔹 Bearish Confirmation: A rejection at this zone could signal further selling pressure.
🔹 Target: A move towards 2854 if price respects the structure.
📌 Trading Plan:
✅ Wait for a pullback to the sell zone before entering.
✅ Look for confirmation (rejection or bearish candlestick pattern).
✅ Manage risk with stops above recent highs.
Patience is key—let the market come to you! 📊🔥
🔹 Sell Zone: Watching 2902 - 2905 for a possible retest before continuation.
🔹 Bearish Confirmation: A rejection at this zone could signal further selling pressure.
🔹 Target: A move towards 2854 if price respects the structure.
📌 Trading Plan:
✅ Wait for a pullback to the sell zone before entering.
✅ Look for confirmation (rejection or bearish candlestick pattern).
✅ Manage risk with stops above recent highs.
Patience is key—let the market come to you! 📊🔥
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.