GOLD SHORTING OPPURTUNITY 31 OCT 2024
Gold Analysis and Trade Strategy
Gold has recently broken through a major support zone, closing decisively below it. This shift signals potential selling opportunities if the price consolidates and shows a strong short setup around key retracement levels.
Trade Setup:
Preferred Entry: Look for price to retrace to an order block region, providing a tight stop-loss option.
Confirmation: Observe the 15-minute chart. Wait for price rejection at our levels, accompanied by a series of lower lows.
Once all conditions align, consider entering the trade for an optimal risk-to-reward setup.
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Gold has recently broken through a major support zone, closing decisively below it. This shift signals potential selling opportunities if the price consolidates and shows a strong short setup around key retracement levels.
Trade Setup:
Preferred Entry: Look for price to retrace to an order block region, providing a tight stop-loss option.
Confirmation: Observe the 15-minute chart. Wait for price rejection at our levels, accompanied by a series of lower lows.
Once all conditions align, consider entering the trade for an optimal risk-to-reward setup.
🔔 Like, comment, and follow for more gold trade insights!
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