Gold Futures Hedge Update

9 hours ago

🟡 Gold Futures Hedge Update

Our previous short setup reached the first take profit, confirming that hedging into overextension made sense. Long-term bias on gold remains bullish, but short-term conditions still look stretched, and we’re preparing for another protective hedge.

This is not a bearish reversal call — the goal is to lock in gains and protect profits as gold presses into heavy resistance.

📍 Trade Setup (Short Hedge)

• Entry (Short): 3,750 (Fib 1.618 extension + HVN resistance)
  
• Stop Loss (SL): 3,780 (above channel top + HVN cluster)
  
• Take Profit 1 (TP1): 3,700 – 3,685 (volume node / mid-channel support)
  
• Take Profit 2 (TP2): 3,587 (next HVN + structural support)
  
• Take Profit 3 (Stretch): 3,510 – 3,500 (Fib retrace + channel low)
  

⚖️ Rationale

• Gold has been overextended on the short-term chart, pressing into Fib and channel resistance with signs of stalling.
  
• Volume profile highlights key support/resistance nodes that align with Fib levels.
  
• Taking partial profits on the way down while keeping risk tight ensures the hedge protects without overcommitting against the dominant bullish trend.
  

📊 Plan: Scale into shorts near resistance with defined risk, peel off at TP1 and TP2, leave a runner for deeper correction potential. If gold breaks and holds above 3,790, hedge is invalidated and focus shifts back to long setups.

3 hours ago

Order cancelled

We got invalidated here as soon as the market opened still looking for the correction but taking a different perspective on it now.