GOLD (XAUUSD): Learn How to Short Wisely 🥇

18 May 2021

Hey traders,

Gold finally reached an upper boundary of a major daily supply zone that we previously identified.
Now we also have a nice confluence of a horizontal structure and a resistance line of a rising parallel channel.
That point may give us a nice intraday shorting opportunity.

To short the market with a confirmation, follow a rising parallel channel on 1H time frame.
Its bearish breakout will be a good trigger to sell.
Goals will be - 1840; support of the major daily channel.

In case of a bullish violation of a yellow structure cluster, the setup will be invalid.

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19 May 2021

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