📉 Gold Short Setup Analysis – 4H Chart
Entry: $3,370.15
Stop Loss: $3,392.65 (22.50 points / 0.65%)
Target: $3,270.22 (99.92 points / 2.96%)
Risk/Reward Ratio: 4.63
Trade Duration (Projected): ~3 days, 4 hours
🔍 Technical View:
Price reached a high-volume node and faced resistance near $3,370–$3,380.
MACD histogram shows waning bullish momentum.
Bearish divergence spotted between price and MACD.
Volume profile resistance above reinforces rejection probability.
🧠 Trade Idea:
Looking to capitalize on a mean reversion after a sharp upside move. A break below minor support confirms weakness.
Entry: $3,370.15
Stop Loss: $3,392.65 (22.50 points / 0.65%)
Target: $3,270.22 (99.92 points / 2.96%)
Risk/Reward Ratio: 4.63
Trade Duration (Projected): ~3 days, 4 hours
🔍 Technical View:
Price reached a high-volume node and faced resistance near $3,370–$3,380.
MACD histogram shows waning bullish momentum.
Bearish divergence spotted between price and MACD.
Volume profile resistance above reinforces rejection probability.
🧠 Trade Idea:
Looking to capitalize on a mean reversion after a sharp upside move. A break below minor support confirms weakness.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.