Description:
Gold remains under pressure below multiple descending trendlines and is consolidating above key support. With volatility high, there’s a strong chance of a breakdown during the Asia session.
Trade Plan:
Wait for a retest of the 3,340–3,355 resistance zone (yellow box).
Watch for a bearish rejection (such as a strong wick, bearish engulfing, or high selling volume) at this zone—do not short blindly.
Enter short after confirmed rejection.
Trade Management:
Take a big part of your profit at 3,318 (first blue support line).
Once 3,318 is hit, immediately move your stop-loss to breakeven (your entry) for the remaining position.
Let the rest run toward the next targets: 3,301 and 3,299, and possibly as low as 3,247 if the breakdown is strong.
Key Points:
High-probability move is expected during the Asia session.
Trade only on confirmation, not at random levels.
If price reclaims and holds above 3,355, bearish idea is invalid.
Summary:
Look for a confirmed rejection near 3,340–3,355. Take most profit at 3,318, move stop-loss to breakeven, and hold the rest for a potential deeper drop.
Gold remains under pressure below multiple descending trendlines and is consolidating above key support. With volatility high, there’s a strong chance of a breakdown during the Asia session.
Trade Plan:
Wait for a retest of the 3,340–3,355 resistance zone (yellow box).
Watch for a bearish rejection (such as a strong wick, bearish engulfing, or high selling volume) at this zone—do not short blindly.
Enter short after confirmed rejection.
Trade Management:
Take a big part of your profit at 3,318 (first blue support line).
Once 3,318 is hit, immediately move your stop-loss to breakeven (your entry) for the remaining position.
Let the rest run toward the next targets: 3,301 and 3,299, and possibly as low as 3,247 if the breakdown is strong.
Key Points:
High-probability move is expected during the Asia session.
Trade only on confirmation, not at random levels.
If price reclaims and holds above 3,355, bearish idea is invalid.
Summary:
Look for a confirmed rejection near 3,340–3,355. Take most profit at 3,318, move stop-loss to breakeven, and hold the rest for a potential deeper drop.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.