xauusd h2 short from resistance tp 2000 usd

🔸Hello traders, let's review the 2 hour chart for GOLD today. Ongoing distribution in
progress since January 2024, currently locked in trading range.

🔸Final pump in progress, however strong overhead resistance overhead will
likely contain any further gains, therefore risk/reward will shift in bears favor
as we close in on resistances near 2050 usd.

🔸Recommended strategy for gold bears: short sell rips/rallies toward resistances
near 2050/2055 usd, SL 2065 usd, TP1 2025, TP2 2000 usd. swing trade setup, patience
required. good luck traders!

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Comment:

risk/reward shifting in bears favor

Comment:

gbpcad h8 xabcd advanced entry buy/hold setup

Comment:

gold mid-term outlook bears will target 1785 usd

Trade closed: target reached:

TP1/TP2 hit. congrats if you followed.