GOLD sell setup Gold (XAUUSD) – Short Trade Idea
🔑 Key Observations:
Strong Rejection Zone:
Price faced rejection at the previous high (highlighted in purple supply zone).
Multiple attempts to break above failed, confirming seller presence.
Volume Confirmation:
The sharp bullish push from the bottom was met with equally strong selling pressure at the top.
Volume spikes indicate distribution at higher levels.
Market Structure:
Clear lower high formation after rejection.
Entry aligns with a retracement into the supply zone.
📊 Trade Setup:
Entry: Short near supply zone (around 3374–3379).
Stop-Loss: Above recent swing high (3380 area).
Target: 3356 level (previous demand zone).
Risk/Reward Ratio: ~1:5 (high probability setup).
⚠️ Risk Management:
Always use a stop-loss to protect capital.
Consider trailing stop-loss once trade moves in favor, to lock in profits.
If price breaks and closes above supply, setup becomes invalid.
