Gold Spot / U.S. Dollar 15. Chart Analysis

Mis à jour
The price has recently broken below a strong support level and is now trading below it. This bearish breakout suggests further downside potential.

Key Observations:

Strong Support Break: The price has decisively broken below a well-defined support level. This break often signals a shift in momentum and can lead to further price declines.

Liquidity Sweep: A recent liquidity sweep occurred at the support level. This indicates a large order was filled at that level, potentially adding to the selling pressure.

Trade Setup:

Entry: Short sell at the market price near the current level.

Stop-Loss: Place a stop-loss order above the recent swing high, above the broken support level, or at a level that aligns with your risk tolerance.

Take-Profit: Set your tak profit at next Order Block
Transaction en cours
Gold touch the zone and started to fall
Trade fermée manuellement
The initial short-selling trade has been partially closed with a success. The price broke below the strong support level as anticipated, resulting in a decline of over 60 pips.
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