elevatedinvestor

Gold Eats Stops For Breakfast Lunch & Dinner - Target $2030

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Pretty Simple Analysis Here-

I'm bearish on gold from a weekly perspective, but we are still in what I'd call a Trap phase.

We have broken a daily trendline, but I think that there are a lot of early/eager bears thinking they caught a top (maybe they have)

But if I'm a banker or market maker I can see a ton of stop losses sitting above this triangle pattern .

I would want to trigger all of them, then sell gold off.

For that reason I will be buying into the stops, and selling once they clear.

My key level is 2027-2030. I've been waiting for them to mitigate at this price for almost two months now.

Check my prior posts,
"You aren't trading the market, you're trading your beliefs."

Want to learn my strategy?

Join the Elevated Trade House Here -> DM me.
View My Performance -> Coming Soon (myfxbook)

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