Gold new ATH at 3,168: A Final Push Before the Drop?

3 apr

Yesterday was a high-volatility day, and we all know why.
Gold surged to yet another all-time high at 3,168, and luckily, I had already closed my sell trade around break-even—otherwise, my stop loss would have been triggered.
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Gold Still Set for a Hard Drop?

Despite the rally, my outlook remains unchanged—I still believe Gold is due for a significant correction.
📉 3,100 Held as Support – But buyers are struggling to hold onto gains around 3150
📉 Every New High is a Selling Opportunity – So far, Gold has failed to sustain its breakouts, reinforcing a potential distribution phase.
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Trading Plan: Selling the Rallies

🔻 Target: At least 3,080
🔻 Preferred Strategy: Continue selling into rallies
For now, I remain bearish and will keep looking for opportunities to short the market. 🚀

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

3 apr

Trade chiuso: obiettivo raggiunto

Crushed the 3080 target