DXY Rising...Yu Feeling Bearish on GOLD...?

XAUUSD
I have a strong feeling we may be able to catch a great Short that can secure us a smooth +2.5-3R % depending on your overall skilled management level. Here are my reasons for considering Going short on this asset if we can see the following develop in PA...
1) Buyers have created an External Range Liquidity Trend on the Daily & 4Hr TF....
-Which is clearly liquidity that is going to be purged sooner than later by SELLERS!
(This is the move we are looking to capitalize on)
2) Price rejected the 4Hr EQ pricing ($2032.00) for 2 days in a row now which are the buyers on the Higher ER. LQ Trend still buying the price up!! (Soon to be Purged By Sellers)
3) Price has traded back up into a minor resistance level around ($2040.00) and this is what will make or break the prediction for going short...
4) Now if Sellers can hold this Minor Level of Resistance and buyers fail to push price higher, then this will be our 1st sign that buyers may be losing the strong hand currently.
5) On the DXY (US DOLLAR) price has broken above a Major 4Hr resistance level. Indicating Buyers are very strong and may continue to rise to MTG the HIGHER TF Weekly Supply Zone... (Strong Dollar Buying Up = Weak Gold Selling Down) as they do trade against each other.

Now here is what I'm Looking for to GO Short...
6) I want to see price reject the current level of resistance it is trading around ($2040.00) and push lower.
7) I want to see sellers break underneath the 4Hr EQ level ($2032.00) and officially Sweep the External Range Liquidity Trend and close underneath on both the 15&30m candle stick..
(Which claims conviction and commitment from Sellers IMO)
8) If we can see the following key components play out in PA then I will be compelled to go Short & Target the next minor Support level in Price which is around ($2020.00)
Roughly a 1,200 pt move...Easily catch a +2.5-3R % Depending on your stop size of course...
9) Also price needs to be trading underneath the Red V-wap on the 1Hr TF and below, Once price breaks underneath the 4Hr EQ and sweeps the Ex. Range Liquidity Trend.
(As a Final confluence to enter Short)

THIS IS NOT FINANCIAL ADVICE!! This is simply my own personal prediction...
Now lets sit back n stalk like the saltwater croc!
#BHM500K #Champions

Comment:

This is an update to what I'm currently looking at for GOLD!