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Post
--Bearish
James_BNB
ยท
--
Bearish$XAU big short now, new car waiting for you
entry 3970-4040
short $XAU ๐
$XAU is approaching the $3,940โ$3,960 support zone as the selloff continues.
Gold broke down below the $4,080โ$4,100 range, successfully retested it as resistance, and continued sliding lower.
A few things stand out:
The bearish structure is strong and pretty clean.
Price is still following two smoothly declining moving averages, with no real sign of a trend reversal yet.
RSI has entered oversold territory, but bearish momentum remains firmly in control.
The $3,940โ$3,960 zone is the next area Iโm watching. Letโs see how price reacts when it gets there. ๐
entry 3970-4040
short $XAU ๐
$XAU is approaching the $3,940โ$3,960 support zone as the selloff continues.
Gold broke down below the $4,080โ$4,100 range, successfully retested it as resistance, and continued sliding lower.
A few things stand out:
The bearish structure is strong and pretty clean.
Price is still following two smoothly declining moving averages, with no real sign of a trend reversal yet.
RSI has entered oversold territory, but bearish momentum remains firmly in control.
The $3,940โ$3,960 zone is the next area Iโm watching. Letโs see how price reacts when it gets there. ๐