Short idea on GOLD.
Key Points for Short Decision:
1.Gold is near its all-time high of 2,531.765.
2.Gold is forming lower lows, indicating a potential bearish trend.
3.On Thursday, August 22, 2024, Gold broke below minor daily support at 2,497.400.
4.A bullish close on Friday suggests a potential liquidity hunt before a significant downward move.
5.I'm waiting for a green-red candle resistance on the daily timeframe to confirm my short idea.
My stop loss is at 2,527.781.
My targets are 2,497.40, 2,478, and 2,444.55.
Potential profit: Over 500 pips.
Note: These are potential price targets based on technical analysis and chart Pattern. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before
making any investment decisions.
1.Gold is near its all-time high of 2,531.765.
2.Gold is forming lower lows, indicating a potential bearish trend.
3.On Thursday, August 22, 2024, Gold broke below minor daily support at 2,497.400.
4.A bullish close on Friday suggests a potential liquidity hunt before a significant downward move.
5.I'm waiting for a green-red candle resistance on the daily timeframe to confirm my short idea.
My stop loss is at 2,527.781.
My targets are 2,497.40, 2,478, and 2,444.55.
Potential profit: Over 500 pips.
Note: These are potential price targets based on technical analysis and chart Pattern. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before
making any investment decisions.
Transaction en cours
price dipped below yesterday's low
Transaction en cours
100+ PIPS Closing Partial
Transaction en cours
I'm waiting for green-red candles (a bearish reversal pattern) on the daily timeframe
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.