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XAUUSD D1: BEARS SHORT HIGH TP 1600 USD (SL/TP/SWING)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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XAUUSD D1: BEARS SHORT HIGH TP 1600 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
read entire idea DO NOT MARKET SHORT IT!


🔸 Summary and potential trade setup
::: XAUUSD daily/candle chart review
::: previously recommended
::: TO BUY DIPS near 1750 USD TP 1850 USD
::: bullish impulse still in progress
::: but BEARS get ready to SHORT HIGH
::: updated/revised outlook
::: getting overextended but
::: more short-term gains possible/likely
::: BULLS coming strong off triple bottom
::: BUT already overbought / nearly maxed out
::: selling HIGH is a great reload BEARS
::: 0.62 will likely terminate the bull run
::: get ready to SHORT HIGH and get paid
::: currently stay out / wait for FINAL PUMP
::: BEST RELOAD ZONE for BEARS 1865/75
::: short-term expect more gains
::: HIGHER RISK strategy: BUY DIPS/PULLBACKS
::: FINAL TP BULLS 1865 USD / higher risk
::: mid-term BEARS will target 1600 USD
::: LOWER risk strategy BEARS: SHORT HIGH 1860/70 USD
::: TP BEARS is 1600 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
::: 1600 USD fresh demand zone
::: 1860 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/1860USD
::: Sentiment mid-term: BEARS/1600 USD

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Past performance is not indicative of future results.
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