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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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Curious presentation of technical analysis arguments 🤔 The only note I would put a lot of accent on the cluster analysis, but that is a matter of taste.
UnknownUnicorn15614419
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A very interesting publication. Thanks to the author for the work! As I understand, the idea of the publication came after the last news on the asset?
InvestMate
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I for one am hoping that one of the support zones will hold the price of gold
AtlasTrades
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Nice chart mate, I think it's correct idea as always for XAUUSD
Gold-Tech
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Thanks for sharing, you picked the right direction