xauusd h8 short rips/rallies tp 1980/1985 usd

🔸Hello traders, today let's review 8hour price chart for gold. Downtrend in progress
currently, rejected from overhead resistance at 2055 usd, weak bounce got sold.

🔸Recent swing lower started once we got rejected at 2080 usd on heavy volume,
bears took over, currently I recommend to focus on short selling rips/rallies,
upside is limited/capped by 2055 usd.

🔸Recommended strategy bears: short sell rips/rallies, TP1 bears is 2025 usd
TP2 bears is 1985 usd, expecting sell side pressure to accelerate once we get a clean
breakdown of s/r at 2020 usd. good luck traders!

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Kommentar:

expecting break down later this week

Trade ist aktiv:

final TP almost hit, trading at 1990 usd right now.

Kommentar:

GOLD dump fractal 2024/2023/2022 TP 1800 USD