Gold short

22 באפר׳ 2022

With the bullish momentum on DXY and strength of the US dollar, fundamentally expecting the start of a sell-off for gold. Technically, price action seems to support the idea of capital outflow for gold as there is a recent change of character (ChoCH) followed by confirmation with a break of structure (BOS). Looking to sell XAUUSD on the following unmitigated (blue) marked up point of interests (POI), with take profits (TP) targeting the trend line liquidity forming below.

22 באפר׳ 2022

הערה

Actually now that I have looked at my chart, i probably target the uppermost premium area on top instead,
1) My first lower entry has equal high (EQH) above
2) Second has imbalance (IMB) above
3) Third also has equal high (EQH) above
Selling at the most premium area also offers the highest risk to reward and high probability of success given that fundamentals are also supporting the sell.