Gold just broke into all-time highs above $3,000, and everyone’s celebrating… but that might be exactly the problem.
This kind of vertical rally after a long grind could be setting up for a classic fakeout or blow-off top. Price is going parabolic, and when that happens, gravity usually follows.
📉 Why I’m Eyeing a Short:
Price is extended far from key moving averages and long-term trendlines.
We’re seeing a steep, unsustainable move, similar to past tops (2011 vibes?).
No consolidation = no support below. If it breaks down, there’s air underneath.
Everyone's bullish. I love fading that.
🔻 Trade Plan:
Entry: If gold starts rejecting $3,050–$3,100 zone with heavy selling wicks
Stop loss: Just above the recent highs ~$3,120 (to avoid being squeezed)
Target 1: $2,950 (first support zone)
Target 2: $2,800 (major support / prior breakout area)
⚠️ Risk:
This is a counter-trend trade, so timing is everything
If momentum continues, don’t fight it — wait for a clear rejection or breakdown
This kind of vertical rally after a long grind could be setting up for a classic fakeout or blow-off top. Price is going parabolic, and when that happens, gravity usually follows.
📉 Why I’m Eyeing a Short:
Price is extended far from key moving averages and long-term trendlines.
We’re seeing a steep, unsustainable move, similar to past tops (2011 vibes?).
No consolidation = no support below. If it breaks down, there’s air underneath.
Everyone's bullish. I love fading that.
🔻 Trade Plan:
Entry: If gold starts rejecting $3,050–$3,100 zone with heavy selling wicks
Stop loss: Just above the recent highs ~$3,120 (to avoid being squeezed)
Target 1: $2,950 (first support zone)
Target 2: $2,800 (major support / prior breakout area)
⚠️ Risk:
This is a counter-trend trade, so timing is everything
If momentum continues, don’t fight it — wait for a clear rejection or breakdown
Nota
Gold hit the exact $3,050–$3,100 rejection zone, tagged the highs near $3,120, then wicked back down — just as planned.🎯 TP1 at $2,950 hit
Next up: Watching for continuation toward $2,800 (major support + breakout retest)
Still a counter-trend trade, but risk now reduced after securing partial profit.
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.