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We are active exclusively in the crypto market and do not normally operate in other markets. However, as an exception, we have analyzed GOLD at the request of our users.
On the chart, we can observe a bearish CH pattern, which clearly indicates the presence of sellers in the market. In addition, there is a 3D pattern visible on the chart, which is more relevant for higher timeframes. This suggests that sellers may soon initiate position liquidations and take profits, potentially causing downward pressure on the price.
When looking at pivots and liquidity zones, there is no significant support until the $3,600–$3,400 range, which could leave the market vulnerable to further declines in the short term.
For risk management, the invalidation level can be set above the most recent high, where sharp bearish moves were previously observed. A daily candle closing above this level would invalidate this analysis and signal a potential change in market dynamics.
Overall, traders should be cautious and monitor these levels closely, as the combination of bearish patterns and lack of strong support points to a possible continuation of selling pressure in the near future.
What’s your take on this setup do you see the same bearish structure or a different scenario?
Drop your analysis in the comments and let’s compare perspectives.
We are active exclusively in the crypto market and do not normally operate in other markets. However, as an exception, we have analyzed GOLD at the request of our users.
On the chart, we can observe a bearish CH pattern, which clearly indicates the presence of sellers in the market. In addition, there is a 3D pattern visible on the chart, which is more relevant for higher timeframes. This suggests that sellers may soon initiate position liquidations and take profits, potentially causing downward pressure on the price.
When looking at pivots and liquidity zones, there is no significant support until the $3,600–$3,400 range, which could leave the market vulnerable to further declines in the short term.
For risk management, the invalidation level can be set above the most recent high, where sharp bearish moves were previously observed. A daily candle closing above this level would invalidate this analysis and signal a potential change in market dynamics.
Overall, traders should be cautious and monitor these levels closely, as the combination of bearish patterns and lack of strong support points to a possible continuation of selling pressure in the near future.
What’s your take on this setup do you see the same bearish structure or a different scenario?
Drop your analysis in the comments and let’s compare perspectives.
Trade active
GOLD After touching the red zone, it has dropped over 14% so far.a perspective that, at the time this analysis was published, was bitter and hard to believe for many.
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⚠️ Important signals are published exclusively on our Telegram channel.
⚠️ Important signals are published exclusively on our Telegram channel.
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.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
⚠️ Important signals are published exclusively on our Telegram channel.
⚠️ Important signals are published exclusively on our Telegram channel.
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.