xauusd 1hour distribution short high TP 1933 usd

🔸Hello traders, today let's review 1 hour price chart for gold. Currently distribution in progress.
Closing in on range highs near 1975/1980 usd and risk/reward shifting in bears favor.

🔸Prior downtrend and recently distribution in progress bears will take over from overhead
resistance. premium prices near 1980 usd above and 1930 usd below. Bears should wait for
price to max out near premium prices before short selling.

🔸Recommended strategy bears: short sell from overhead resistances. distribution in progress.
TP bears is 1935/1930 USD. swing trade setup. wait for price to max out before short selling.

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