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XAUUSD H8: 1860 USD RESHORT IT! TP BEARS 1750 USD(SL/TP)(NEW)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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XAUUSD H8: 1860 USD RESHORT IT! TP BEARS 1750 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.
HOWEVER. Entry from overhead. read entire
idea before executing this trade.

🔸 Summary and potential trade setup
::: XAUUSD 8hour/candle chart review
::: previously heavy distribution
::: currently re-distribution in progress
::: compression into rising wedge
::: in previous downtrend: BEARS
::: currently BEARS maintain control
::: expecting FAKE pump 1860 USD
::: of the key S/R level
::: short into FAKE pump
::: near 1860/70 USD SL 1900 USD
::: so get ready to short it
::: and get paid later
::: WAIT for price to MAX OUT
::: near 1860-70 USD
::: and short from overhead
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 1860 USD USD best entry
::: TP BEARS is 1750-60 USD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1750 fresh demand zone
::: 1860-70 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/FINAL PUMP
::: Sentiment outlook mid-term: BEARS/REVERSAL

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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