GOLD SHORT Opportunity (S&D) Short

GoldOANDA

Description

⋅ Jun 2, 2020 6:49 PM

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 🥦

Comments

XForceGlobal

⋅ Jun 3, 2020 4:26 PM

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

Lingrid

⋅ Jun 3, 2020 1:30 PM

Way to go!)
Check my analysis))

stibo

⋅ Jun 4, 2020 12:17 PM

@Lingrid, awesome

ranabishi029

⋅ Jun 3, 2020 10:39 AM

nice dear

stibo

⋅ Jun 4, 2020 12:17 PM

@ranabishi029, thanks

FXCM

⋅ Jun 3, 2020 9:37 AM

thanks for this and nice call on the drop! do you still maintain your bias ? I have a bullish bias on gold now:

stibo

⋅ Jun 3, 2020 9:44 AM

@FXCM,thank you, my short term view is still bearish

Kaan_ARTAR

⋅ Jun 2, 2020 7:32 PM

Is it a bearish flag pattern ?

stibo

⋅ Jun 2, 2020 7:42 PM

@Kaan_ARTAR no

Kaan_ARTAR

⋅ Jun 2, 2020 8:31 PM

@stibo, m8 i hope u are sure bc i am in long position at 1745$. If it is a flag... oh my...