Short Setup
Technical View:
• Price is forming lower highs and lower lows after a clear rejection from the $3,328 area.
• Currently retesting the fair value gap (FVG), which has acted as resistance.
• Volume is weakening on green candles, showing buyers are losing strength.
• The breakdown from earlier has not been recovered, indicating sellers are in control.
Macro Factors Supporting a Short:
• Extension of US-China tariff pause reduces global risk, hurting gold demand.
• De-escalation in EU-US trade tensions adds to risk-on sentiment.
• Strong US economic data and reduced expectations of immediate Fed rate cuts are keeping pressure on gold.
• A stable or strong dollar is another headwind for gold prices.
Trade Plan:
• Sell Entry: $3,320–$3,322
• Stop Loss: Above $3,327
• Target 1: $3,308
• Target 2: $3,300
• Risk-Reward Ratio: Around 1:2.5
This setup remains valid as long as price stays below $3,327 and shows rejection near resistance.
Technical View:
• Price is forming lower highs and lower lows after a clear rejection from the $3,328 area.
• Currently retesting the fair value gap (FVG), which has acted as resistance.
• Volume is weakening on green candles, showing buyers are losing strength.
• The breakdown from earlier has not been recovered, indicating sellers are in control.
Macro Factors Supporting a Short:
• Extension of US-China tariff pause reduces global risk, hurting gold demand.
• De-escalation in EU-US trade tensions adds to risk-on sentiment.
• Strong US economic data and reduced expectations of immediate Fed rate cuts are keeping pressure on gold.
• A stable or strong dollar is another headwind for gold prices.
Trade Plan:
• Sell Entry: $3,320–$3,322
• Stop Loss: Above $3,327
• Target 1: $3,308
• Target 2: $3,300
• Risk-Reward Ratio: Around 1:2.5
This setup remains valid as long as price stays below $3,327 and shows rejection near resistance.
Dagangan ditutup: sasaran tercapai
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.