Date: August 15, 2024 Instrument: Gold (XAU/USD) Timeframe: 30-Minute Chart Trade Type: Short Position at 2459.301 pending order will be great
1. Market Overview: Recent Performance: Gold has shown volatility recently, with a prior attempt at a bullish move that did not sustain. Current Sentiment: The overall sentiment remains cautious, with traders awaiting a clearer direction. There is a potential for a short-term upward push before a reversal to sell.
2. Trade Setup: Expected Scenario: Anticipating a short-term bullish push, likely to retest a resistance level before reversing into a short opportunity. Resistance Level: Watching for resistance around [Insert Specific Level], which could be a prior swing high, Fibonacci level, or trendline.
Confirmation Signals: Flag Structure forming Channel or Trendline Break below support after the push up. Bearish reversal candlestick pattern (e.g., engulfing, pin bar). Divergence on momentum indicators (e.g., RSI, MACD).
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.