$XAUUSD (Gold) Short Trade Setup.
*Zone/Setup* : Short from the $4750 zone on the 4-hour timeframe. Analysis is on the 4H chart and it will crash from here. Gold will crash in the coming days, possibly down to $4350.
*Entry*: $4750
*Stop Loss*: $4850
*Targets*: You can divide this into 2 parts total
- *TP1*: $4550
- *TP2*: $4350
I’ve given you the entry, targets, and stop loss. Right now it’s running in profit.
This setup — I’ve almost been waiting for it since Monday. I had this setup ready on Monday, and after 2-3 days, today on Wednesday it finally got ready.
This is a swing trade. It will take time — around 1 to 2 weeks — but it should give a good reward. You can enter this and book profit. This is a forex Trade.