Gold Uptrend is Breaking Don’t Miss This High Probability ShortGold has been on an incredible 49-day bullish run, but signs are emerging that the momentum is fading. Is the reversal finally here? In this analysis, I break down why I believe gold is setting up for a potential short opportunity and how I plan to execute it.
Starting from the weekly timeframe, we identify a key rejection at $2943, signaling potential exhaustion after an extended bullish trend. On the daily timeframe, price has failed to hold above $2897, forming a critical rejection zone that could lead to further downside.
Diving deeper into the H4 and H1 timeframes, we observe a key structure break around $2900, followed by price failing to create a new high. This shift in market structure suggests a weakening bullish trend, increasing the probability of a bearish follow-through.
Key Levels to Watch:
🔹 Break & Retest Setup: Waiting for a clean break below $2881 (yesterday’s daily low), followed by a retest to confirm the sell-side momentum.
🔹 Bearish Target Zones: Liquidity levels at $2854, $2788, and $2747, with a final downside objective near $2746.
🔹 Risk Management: Stops will be determined based on price action confirmation, ensuring a controlled approach to the trade.
With buyers struggling to push higher and multiple liquidity pockets below, we could see a sharp pullback before any further upside continuation. This is not a long-term bearish call on gold but rather a short-term high-probability short setup to capitalize on potential downside movement.
📉 Will gold break lower, or will buyers regain control? Watch the full analysis, boost this idea, and share it with fellow traders so you don’t miss the next big move! 🚀💰
