GOLD COLLAPSES AFTER HITTING 2940 – BEARISH REVERSAL?
📊 Market Overview – European Session
After reaching 2940, GOLD faced a sharp rejection and dropped below 2910. The price is now testing this key level, and its movement during the European session will determine the next trend.
✔ Breakdown from the ascending channel – A potential trend reversal signal.
✔ Bearish momentum? – If GOLD stays below 2910, further downside is likely.
🎯 GOLD Trading Plan
🔴 SELL SCALP
📍 Entry: 2929 - 2931
❌ SL: 2935
🎯 TP: 2924 - 2920 - 2915 - 2910 - 2905 - 2900
🔴 SELL ZONE
📍 Entry: 2940 - 2942
❌ SL: 2946
🎯 TP: 2935 - 2930 - 2926 - 2922 - 2918 - 2915 - 2910
🟢 BUY ZONE
📍 Entry: 2887 - 2885
❌ SL: 2882
🎯 TP: 2890 - 2894 - 2898 - 2902 - 2905 - 2910
📌 Risk Management:
✔ Stick to TP/SL to protect capital.
✔ Watch for price action around 2910 for confirmation.
📢 Will GOLD continue dropping or rebound? Share your thoughts below! 🚀🔥
After reaching 2940, GOLD faced a sharp rejection and dropped below 2910. The price is now testing this key level, and its movement during the European session will determine the next trend.
✔ Breakdown from the ascending channel – A potential trend reversal signal.
✔ Bearish momentum? – If GOLD stays below 2910, further downside is likely.
🎯 GOLD Trading Plan
🔴 SELL SCALP
📍 Entry: 2929 - 2931
❌ SL: 2935
🎯 TP: 2924 - 2920 - 2915 - 2910 - 2905 - 2900
🔴 SELL ZONE
📍 Entry: 2940 - 2942
❌ SL: 2946
🎯 TP: 2935 - 2930 - 2926 - 2922 - 2918 - 2915 - 2910
🟢 BUY ZONE
📍 Entry: 2887 - 2885
❌ SL: 2882
🎯 TP: 2890 - 2894 - 2898 - 2902 - 2905 - 2910
📌 Risk Management:
✔ Stick to TP/SL to protect capital.
✔ Watch for price action around 2910 for confirmation.
📢 Will GOLD continue dropping or rebound? Share your thoughts below! 🚀🔥
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👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+Ie_04nofbRc3OWQ1
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
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