XAUUSD H4: BEARS CORRECTION TP 1550 USD (SL/TP/SWING)

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XAUUSD H4: BEARS CORRECTION TP 1550 USD (SL/TP/SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect LOSSES OFF THE HIGHS

🔸 Summary and potential trade setup
::: XAUUSD 4hours/candle chart review
::: WEAK price chart going into FED
::: locked inside range currently
::: DISTRIBUTION in progress
::: setup still valid as of right now
::: rejection AT/NEAR 1670 USD
::: selling HIGH is a great reload BEARS
::: final TP bears is 1550 USD SHORT/HOLD
::: get ready to SHORT HIGH and get paid
::: double bottom (BULLS) already played out
::: previously recommended SHORTING HIGH
::: short-term expect more losses/dump
::: upside limited / BEARS will drag price down
::: no valid setup for bulls in this market
::: short-term BEARS will target 1550/1575 USD
::: then expecting some sort of BOUNCE
::: LOW risk strategy BEARS: MARKET SHORT IT
::: TP BEARS is 1550 USD final EXIT
::: BEST/recommended strategy: see above SHORT HIGH
::: slow market so you have to be patient
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1555 USD fresh demand zone
::: 1675 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/1675USD
::: Sentiment mid-term: BEARS/1555USD

RISK DISCLAIMER:
Trading 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 tight stop loss.

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ملاحظة

locked inside range today