Gold (XAU/USD) SELL Opportunity | The "Bear" Case

Wait 5 sec.

Gold (XAU/USD) SELL Opportunity | The "Bear" CaseXAU/USD Spot - GoldFX:XAUUSDMedintradeFollowing on from yesterday's swing trade idea where I mapped two bullish retracement paths into the demand zones below. Both assumed price would find support and reverse: But what if it doesn't? This is the scenario that invalidates it completely. Worth having on your radar, you should never marry your bias. The market has endless outcomes, prepare for as many as you can then watch and react. Zooming out to the Daily we can see below current price there is a significant amount of unmitigated space. If price ignores the imbalance zones on the way down and keeps flowing, the "real" target could becomes the Support zone at $3966 or any of the pools in-between. This doesn't mean sell everything and go short. It means if you're a swing trader watching yesterday's setup develop this is your invalidation trade. If $4400 breaks cleanly and holds below, the bullish swing thesis is off the table and $3966 becomes the conversation once price breaks and hold below $4311 area. The market doesn't owe us the clean retracement. Sometimes it just goes. Give this a rocket alongside yesterday's idea if you want updates as September develops. God bless!!