Gold - Short Setup Off Major Trendline Rejection

29 juil.

📉 Gold - Short Setup Off Major Trendline Rejection

Gold has broken down through the rising trendline and is now retesting it — the moment of truth! 🧐

🔻 Short Entry: 3,336
🎯 Target: 3,236 (Fib 1.0 + HVN gap fill)
🛑 Stop: 3,346 (Above trendline retest)
⚖️ Risk/Reward: ~1:10
📊 Bonus: High volume node above adds resistance. Bearish volume profile structure confirms the breakdown bias.

Watching for volume to pick up on the move down. Let's see if GC bleeds into August. 🩸📆

29 juil.

Trade fermée manuellement

I should've been looking at the GC2! so close to expiration. I don't like it anymore. Trade canceled.