Hey traders,
This week was very bearish for Gold.
With a high momentum bearish candle, the price violated a key daily demand zone.
Now 1770 - 1787 structure cluster is turned into a supply zone and its occasional test may give us a great shorting opportunity.
Your plan for next week is the following:
1 - Let the price reach that zone first (we do not predict that it will, rather we apply the "IF" statement here)
2 - Look for a confirmation within that zone to short (by confirmation we mean a reversal pattern on 4h/1h time frames)
3 - Sell the market expecting a bearish move to 1729 next key support.
Good luck!
❤️Please, support this idea with like and comment!❤️
Comment:
Check my new idea on USDCHF:
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅