Red CHoCH Confirms the Bears – Sell at Premium Zone📌 Gold Plan – M30 Timeframe | Captain Vincent ⚓
Background
On the D1 chart, the candle closed lower, showing bearish pressure still dominates.
On H4, the bearish structure continues.
However, Gold is currently stuck around 3345/oz, unable to make a clear breakout.
The 3323 – 3335 zone remains strong support – a level where Vincent has bought multiple times before with solid profits. But with the current structure, today’s priority will be Sell in line with the main trend.
Sell Zone – Premium 🎯
Entry: 3345 – 3347
SL: 3352
TP: 3340 → 3335 → 3330 → 33xx
SMC Note (CHoCH 🔴)
On the M30 timeframe, a recent red CHoCH has appeared – a signal confirming that sellers have regained control.
This strengthens the case for selling at upper resistance zones.
Today’s Scenarios
If price holds below 3345 – 3347 → Prioritise short setups, selling in line with the downtrend.
If price breaks below current support → High chance the market will move to fill the previous FVG. In that case, wait for a Breakout Down retest to enter safer.
Consider entering one small probe trade first, then go in stronger once a reversal candle confirmation appears.
Resistance to watch: 3337 – 3345
Support to watch: 3323 – 3335
⚠️ Captain’s Note:
"SMC structure with a red CHoCH has confirmed that the bears are steering the market. We will flow with the main current – Sell at the Premium Zone – but always with discipline, waiting for clear confirmation before taking action."
