GOLD (XAUUSD) Intraday Short Trade Idea

10 juliGold is in the local descending channel and we are trying to find the sell position entries.

We observe breaker block on the graph which cannot be broken previous days, only false breakouts happened.

Thus, this zone occasionally is the intense rejection zone for us.

Also, Powel in yesterday's meeting did not talk negative about the inflation rate, which keeps the strength of USD index and respectively affect the GOLD negatively

TP and SL zones are shown on graph.

Trade on your own risk and responsibly.

10 juli

Kommentera

We can change our SL level a little bit higher as the previous high, cause there is liquidity trap where the order block zone is highlighted and the price climbing this zone testing and getting pullback is possible.

If the zone is not respected and break happens upwards then the setup will be failed.

Good Luck to everyone!!!

10 juli

Trade stängt: Stopp nått

Unfortunately stop hit. This kind of things happen as well. Main part: I do not understand the move of GOLD upwards really. All the things are bearish for the pair. I will still keep my position as short and the level that I showed will be hit.