Sphinx_Trading

XAUUSD: Bearish +1000 pips

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
- Price closed last week with the strongest bearish momentum in years after reaching a new high at 2430.0.
- As you see in the charts price created trendline liquidity below 2330.0 (sign for bearish move).
- Great point of interest created at 2365.0as you see in the charts so it could be a good zone to short after confirmation at LTF.

* We may see a big bearish move to 2250.0
Trade active
Comment:
- Price swept the last lows. created at 2333.0 and closed with a strong bullish candle.
- We can predict sweeping the last highs also filling the imbalance / FVG created at 2380.0 levels and that would be our premium zone to enter a short position.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.