Gold just broke into all-time highs above $3,000, and everyone’s celebrating… but that might be exactly the problem.
This kind of vertical rally after a long grind could be setting up for a classic fakeout or blow-off top. Price is going parabolic, and when that happens, gravity usually follows.
📉 Why I’m Eyeing a Short:
Price is extended far from key moving averages and long-term trendlines.
We’re seeing a steep, unsustainable move, similar to past tops (2011 vibes?).
No consolidation = no support below. If it breaks down, there’s air underneath.
Everyone's bullish. I love fading that.
🔻 Trade Plan:
Entry: If gold starts rejecting $3,050–$3,100 zone with heavy selling wicks
Stop loss: Just above the recent highs ~$3,120 (to avoid being squeezed)
Target 1: $2,950 (first support zone)
Target 2: $2,800 (major support / prior breakout area)
⚠️ Risk:
This is a counter-trend trade, so timing is everything
If momentum continues, don’t fight it — wait for a clear rejection or breakdown
This kind of vertical rally after a long grind could be setting up for a classic fakeout or blow-off top. Price is going parabolic, and when that happens, gravity usually follows.
📉 Why I’m Eyeing a Short:
Price is extended far from key moving averages and long-term trendlines.
We’re seeing a steep, unsustainable move, similar to past tops (2011 vibes?).
No consolidation = no support below. If it breaks down, there’s air underneath.
Everyone's bullish. I love fading that.
🔻 Trade Plan:
Entry: If gold starts rejecting $3,050–$3,100 zone with heavy selling wicks
Stop loss: Just above the recent highs ~$3,120 (to avoid being squeezed)
Target 1: $2,950 (first support zone)
Target 2: $2,800 (major support / prior breakout area)
⚠️ Risk:
This is a counter-trend trade, so timing is everything
If momentum continues, don’t fight it — wait for a clear rejection or breakdown
Nota
Gold hit the exact $3,050–$3,100 rejection zone, tagged the highs near $3,120, then wicked back down — just as planned.🎯 TP1 at $2,950 hit
Next up: Watching for continuation toward $2,800 (major support + breakout retest)
Still a counter-trend trade, but risk now reduced after securing partial profit.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.