xauusd h8 short rips/rallies tp 1980/1985 usd

🔸Hello traders, today let's review 8hour price chart for gold. Downtrend in progress
currently, rejected from overhead resistance at 2055 usd, weak bounce got sold.

🔸Recent swing lower started once we got rejected at 2080 usd on heavy volume,
bears took over, currently I recommend to focus on short selling rips/rallies,
upside is limited/capped by 2055 usd.

🔸Recommended strategy bears: short sell rips/rallies, TP1 bears is 2025 usd
TP2 bears is 1985 usd, expecting sell side pressure to accelerate once we get a clean
breakdown of s/r at 2020 usd. good luck traders!

🎁Please hit the like button and
🎁Leave a comment to support our team!

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.

Comment:

expecting break down later this week

Trade active:

final TP almost hit, trading at 1990 usd right now.

Comment:

GOLD dump fractal 2024/2023/2022 TP 1800 USD