Indices and commodities
#GOLD
Short
Active
GOLD: Shorting the Premium Bounce, Targeting Liquidity Below for FOREXCOM:XAUUSD by Yankee_algo
TradingView
GOLD
Indices and commodities
Active
Current price
3956.88
USD
PNL
+2.39%
3956.88 USD
Stop Loss
4.14%
4221.46 USD
Take Profit
4.14%
3885.82 USD
Rationale
TradingView idea: GOLD: Shorting the Premium Bounce, Targeting Liquidity Below for FOREXCOM:XAUUSD by Yankee_algo
TradingView symbol: XAUUSD
Looking for a short on Gold here, with a much bigger move down than what we've seen recently.
Price has pulled back up into a daily gap sitting in premium (roughly 4,115–4,160) — exactly the kind of zone where bounces tend to get sold rather than chased.
In plain terms: price came back to "fill" a gap left behind on the way down, and that's often right where sellers step back in.
The target is a much bigger, unfilled monthly gap sitting way down near 3,886–3,929. That's also roughly where …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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