TheTradersAvenue

Gold Price Alert: Sell Setup Detected at Strong Resistance Zone

TheTradersAvenue Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Attention Gold Traders: Sell Setup Alert!"

Looking at the Gold chart, we can see a potential sell setup forming. The market is approaching a previous resistance zone with a strong supply level on the 4-hour timeframe. Additionally, we have the Fibonacci 141 inversion level and the Fibonacci 0.618 level acting as confluence points for a potential reversal.

we can look for bearish confirmation at these levels and wait for the market to make a move to enter a sell trade. Keep a close eye on the price action and follow my page for more trading insights and analysis.

Don't miss out on potential profits. Remember to always manage your risk and trade with a sound strategy. Happy trading!
Comment:
Moved as expected

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