stibo
Short

GOLD SHORT Opportunity (S&D)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Very Strong and fresh supply zone on 1h timeframe.
The move down was definitely made by institutions because of the long red candles.

Wait for price action at the supply zone to confirm an entry.

Please leave a like to support my work. 👍

Thanks for reading,
stibo 🥦
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Comments

Spot on analysis. There is an extended bearish divergence on the weekly, which is hard to ignore.

+1 Reply
Way to go!)
Check my analysis))
+1 Reply
stibo Lingrid
@Lingrid, awesome
Reply
nice dear
+1 Reply
stibo ranabishi029
@ranabishi029, thanks
Reply
thanks for this and nice call on the drop! do you still maintain your bias ? I have a bullish bias on gold now:
+1 Reply
stibo FXCM
@FXCM,thank you, my short term view is still bearish
Reply
Is it a bearish flag pattern ?
+1 Reply
stibo Kaan_ARTAR
Reply
@stibo, m8 i hope u are sure bc i am in long position at 1745$. If it is a flag... oh my...
Reply
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