Confirmation: Strong Resistance Rejection, Liquidity Trap DONE
Real-Time XAU/USD (Gold) Trade Decision
π₯ Current Setup: Sell Opportunity Confirmation π₯
π Technical Analysis Breakdown
Price Action:
Current Price: $2,939.265
Rejection from Resistance: $2,940.010
Failed Breakout at $2,940 - $2,942, signaling institutional sell-off.
Key Resistance & Support:
Major Resistance (R3): $2,950.016
Recently Broken Resistance (R2, Now Support): $2,940.010
Key Support Below: $2,938, then $2,935 - $2,932
Indicators Confirmation:
RSI: Bearish Rejection from Overbought (~60) β momentum is shifting down.
MACD: Bearish Cross Confirmed β Downtrend continuation signal.
VWAP: Price failed to hold above VWAP, confirming institutional selling.
200 EMA & 50 EMA: Downtrend intact, rejecting from both.
Liquidity & Institutional Order Flow:
Sell Orders Stacking Above: $2,940-$2,942
Liquidity Grab Completed β Market makers absorbed stop orders.
Next Institutional Take-Profit Area: $2,932-$2,928
π SELL TRADE SETUP
π΄ Entry: Sell Now ($2,939 - $2,940) π― Take Profit Targets (TPs):
TP1: $2,935
TP2: $2,932
TP3: $2,928
π Stop-Loss (SL): $2,943 (Tight SL for Risk Management)
π FINAL DECISION
β
SELL NOW β
Confirmation: Strong Resistance Rejection, Liquidity Trap Completed, MACD Bearish, and RSI Momentum Fading.
π TARGET: $2,932 - $2,928 for a High-Profit Short Setup! π
π΄ Ensure Stop-Loss at $2,943 to Protect Against Market Reversals.
β‘ Ultra-Aggressive Execution Plan:
Sell NOW for high-confidence trade setup.
Watch $2,935 area for a potential price reaction.
π Risk-Reward Ratio: 3:1 β Perfect Institutional-Grade Scalping Setup! ππ
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.