Blased

Short on XAUUSD in the near future

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Monthly supply in control. Weekly supply in control. This is a major reversal that could reach opposing demand at 1100.00. There is new valid demand 124.42. This will be a great short. There are probably great nested 4 hr levels in that demand area. There is also definitely room for a 3:1 profit target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.