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?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.