Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD sell trade explained #trading #investing #forex #xauusd

4 Mar 2025 · 1 min

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0:43

Vladimir Ribakov breaks down a short-sell setup on gold that triggered after a bearish divergence and breakdown created lower lows. The trade targets the 23.6% and 38.2% Fibonacci retracement levels for profit.

Chapters

a week we were talking about this setup here: rally, breakdown, lower lows on the chart, pullbacks, and a move down. This is actually also a setup we traded in Home Trader Club this week with the completion of the convergence. We are in, uh, basically in the condition where we break the low Making lower lows after the sequence of the bearish divergence followed from fake highs to lower lows. And this is our trigger zone. Inside this area, we are for sell. 23.6 and 38.2 Fibonacci are our target levels.