XAUUSD H4: BEARS CORRECTION TP 1550 USD (SL/TP/SWING)

Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-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
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

🎁Please hit the like button and
🎁Leave a comment to support our team!

XAUUSD H4: BEARS CORRECTION TP 1550 USD (SL/TP/SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect LOSSES OFF THE HIGHS

🔸 Summary and potential trade setup
::: XAUUSD 4hours/candle chart review
::: WEAK price chart going into FED
::: locked inside range currently
::: DISTRIBUTION in progress
::: setup still valid as of right now
::: rejection AT/NEAR 1670 USD
::: selling HIGH is a great reload BEARS
::: final TP bears is 1550 USD SHORT/HOLD
::: get ready to SHORT HIGH and get paid
::: double bottom (BULLS) already played out
::: previously recommended SHORTING HIGH
::: short-term expect more losses/dump
::: upside limited / BEARS will drag price down
::: no valid setup for bulls in this market
::: short-term BEARS will target 1550/1575 USD
::: then expecting some sort of BOUNCE
::: LOW risk strategy BEARS: MARKET SHORT IT
::: TP BEARS is 1550 USD final EXIT
::: BEST/recommended strategy: see above SHORT HIGH
::: slow market so you have to be patient
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1555 USD fresh demand zone
::: 1675 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/1675USD
::: Sentiment mid-term: BEARS/1555USD

RISK DISCLAIMER:
Trading 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.

Comment:

locked inside range today