The gold market is currently reacting from a significant resistance zone, where price has shown clear signs of rejection. This zone has previously acted as a strong supply area, and once again, price failed to break above it, indicating that sellers are stepping back in.
The rejection candle formation near this resistance confirms bearish momentum building up in the market. As long as price remains below the highlighted supply zone, the bias stays bearish and a continuation to the downside is likely.
🔽 Trade Setup Details:
Entry Zone: 3337 – 3338 (after rejection confirmation)
Stop Loss: 3367 (above resistance to avoid false breakouts)
Take Profit Targets:
TP1: 3327.28
TP2: 3300.93
TP3: 3203.22
📊 Risk-to-Reward:
This setup offers a high risk-to-reward ratio, making it ideal for short-term intraday to swing traders. Proper risk management is essential — don’t risk more than you can afford to lose.
⚠️ Important Notes:
Always wait for a clear confirmation candle before entering the trade.
The rejection candle formation near this resistance confirms bearish momentum building up in the market. As long as price remains below the highlighted supply zone, the bias stays bearish and a continuation to the downside is likely.
🔽 Trade Setup Details:
Entry Zone: 3337 – 3338 (after rejection confirmation)
Stop Loss: 3367 (above resistance to avoid false breakouts)
Take Profit Targets:
TP1: 3327.28
TP2: 3300.93
TP3: 3203.22
📊 Risk-to-Reward:
This setup offers a high risk-to-reward ratio, making it ideal for short-term intraday to swing traders. Proper risk management is essential — don’t risk more than you can afford to lose.
⚠️ Important Notes:
Always wait for a clear confirmation candle before entering the trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.