GOLD SHORT
In this trade idea for XAU/USD on the 30-minute chart, I identified a potential short setup.
The price is approaching a significant supply zone around 2394.070, highlighted in purple.
I anticipate a reversal in this area, with a possible drop to lower levels.
Volume analysis shows a decline in buying pressure, supporting the likelihood of a bearish move.
I'll look for confirmation before entering a short position, targeting lower support levels.
THE CANDLES APPROACH BACK TO THE ZONE IS CORRECTIVE WHICH FURTHER SUPPORTS THE SELL BIAS
what's your thoughts?
The price is approaching a significant supply zone around 2394.070, highlighted in purple.
I anticipate a reversal in this area, with a possible drop to lower levels.
Volume analysis shows a decline in buying pressure, supporting the likelihood of a bearish move.
I'll look for confirmation before entering a short position, targeting lower support levels.
THE CANDLES APPROACH BACK TO THE ZONE IS CORRECTIVE WHICH FURTHER SUPPORTS THE SELL BIAS
what's your thoughts?
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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.