From TradingView · · 1m
Gold trader's bigger timeframe bias
A trader shares their short bias on gold, focusing on larger timeframe analysis and trend line strategy.
In brief
A trader shares their short bias on gold, focusing on larger timeframe analysis and trend line strategy. Larger timeframe analysis can reveal trend reversals when price sweeps through key support levels before selling off. Originally reported by TradingView.
Gold trader's short bias
A trader shared their bearish outlook on gold spot price versus the US dollar on September 16th, focusing on larger timeframe analysis.
Larger timeframes reveal trends
The trader emphasizes analyzing bigger timeframes to identify the true direction of the market rather than getting caught in smaller price movements.
Trend line strategy
The key setup involves a trend line that traders can use to identify potential reversals and entry points for short positions.
Sweep and trap pattern
Price taps the trend line and sweeps through it, trapping long position holders before the market sells off sharply.
“Tap the trend line, sweep through it to trap longs. And sell off.”
Entry point for shorts
Traders can use this sweep pattern as a signal to enter short positions, betting on further downside after the trap is sprung.
At a glance
Larger timeframe analysis can reveal trend reversals when price sweeps through key support levels before selling off.
