Gold finally broke below that trendline that’s been holding for a while.
We had a clean BOS (break of structure), then a retest into the previous support now acting as resistance.
Entered short after the rejection from the 3,134 zone.
My setup: Bearish
- Entry: $3,099
- SL: Above the retest zone 3,134
- TP:2,976 area (major demand zone)
- Reason: Trendline break + structure shift + retest
As long as price stays below that zone, I’m holding. Watching how price reacts around $3,000.
What do you think — continuation or fakeout?
We had a clean BOS (break of structure), then a retest into the previous support now acting as resistance.
Entered short after the rejection from the 3,134 zone.
My setup: Bearish
- Entry: $3,099
- SL: Above the retest zone 3,134
- TP:2,976 area (major demand zone)
- Reason: Trendline break + structure shift + retest
As long as price stays below that zone, I’m holding. Watching how price reacts around $3,000.
What do you think — continuation or fakeout?
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