Gold Shorting Idea for a retracement

11 de out. de 2023

Gold is now in a very crucial price to get short. We could see a retracement in order to continue for an uptrend. The confirmation influenced by breaker block and a bearish OB in a 4H. We also have to keep in mind that the price is now in a supply zone.
1976 will be the SL.
TP1: 1961
TP2: 1954

Trade on your own risk.
GL

11 de out. de 2023

Trade ativo

The 3 Orange lines are the potential reversal points that we can expect.
1969.51 BB
1971.56 -OB
1873.71 The last reach point.

11 de out. de 2023

Trade fechado: stop atingido

PPI news at 8:30 has been positive. But Gold didn't fall as expected. A small dip went down but went up again.
Why? Because of the war news, gold seems to be strong bullish.