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ProjectSyndicate
Nov 22, 2020 7:12 PM

XAUUSD H8: RESHORT IT! TP BEARS 1800/1700USD(SL/TP)(NEW) Short

GoldOANDA

Description

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-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
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-24/7 uptime so constant updates

XAUUSD H8: RESHORT IT! TP BEARS 1800/1700USD(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
::: 1920/30 re-test required before DUMP
::: SHORT IT from range highs
::: 1920/30 key S/R level BEARS
::: expecting FAKE pump
::: of the key S/R level
::: short into FAKE pump
::: near 1920/30 USD
::: so get ready to short it
::: and get paid later
::: WAIT for price to MAX OUT
::: near 1920/30 USD
::: and short from overhead
::: higher risk strategy now: LONG
::: buy at market exit at 1920/30 USD
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 1920/30 USD USD best entry
::: TP BEARS is 1700/1800 USD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1700/1800 USD fresh demand zone
::: 1920/30 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/FINAL PUMP
::: Sentiment outlook mid-term: BEARS
Comments
Sangam-Agarwal
my view
StefanBode
@Sangam-Agarwal, I think this one could match better.
Sangam-Agarwal
@StefanBode, lets see how gold react to 1765 and 1803
kyer
Thanks for your hard work on these charts bro keep it up
ProjectSyndicate
@kyer, appreciate it
vortextrade
velmunis
gud one bro here is mine
Wolf_of_Trading
thanks for sharing and this is my idea
KlejdiCuni
I completely agree with you. The USD is currently only creating variable waves. Thank you
Trading2ez
Very nice idea! Yes it would attract more retailers to go long above 1.900! Good chance for shakrs to eat the guppies. :-)
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