We have a very interesting scenario here on Gold. Price has been zig zagging its way up from the swing low doing its best to trap both buyers and sellers.
If we price can remain below this key supply zone, we may see some bears enter the market.
Ideally, I would like to see a market shift on the lower timeframes before I look to sell this.
IF price breaches the supply, this setup will be invalidated.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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If we price can remain below this key supply zone, we may see some bears enter the market.
Ideally, I would like to see a market shift on the lower timeframes before I look to sell this.
IF price breaches the supply, this setup will be invalidated.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
--------------------------------------------------------------------------------------------------------
Please like, subscribe, and share this idea with others! ⬇️
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Komentarz:
Idea invalid now, weak resistance created.
