GOLD ANALYSIS 6TH NOV
Gold Technical Analysis Update
Gold has recently tested and reacted to a significant demand zone, with price action closing below the previous support, now acting as resistance. This breakdown is supported by clear confirmations on both the 4-hour and 1-hour time frames, where price has decisively closed and held below the support level.
Given this setup, there’s potential for a continuation to the downside, possibly reaching the swing low as price seeks liquidity by targeting buyer stop-losses. This setup offers a favorable opportunity for a short position, with a target near the swing lows.
Trade Idea:
Position: Short
Target: Swing lows
Confirmation: Ensure clear price action confirmation before entry.
Follow for more refined trade setups and insights. Remember, trade with a strategy and manage risk carefully.
Gold has recently tested and reacted to a significant demand zone, with price action closing below the previous support, now acting as resistance. This breakdown is supported by clear confirmations on both the 4-hour and 1-hour time frames, where price has decisively closed and held below the support level.
Given this setup, there’s potential for a continuation to the downside, possibly reaching the swing low as price seeks liquidity by targeting buyer stop-losses. This setup offers a favorable opportunity for a short position, with a target near the swing lows.
Trade Idea:
Position: Short
Target: Swing lows
Confirmation: Ensure clear price action confirmation before entry.
Follow for more refined trade setups and insights. Remember, trade with a strategy and manage risk carefully.
交易結束：目標達成
tp done liquidty sweep done
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。