Gold’s on a Roller Coaster — and We’re Riding It Down

8월 1일

🎢 Gold’s on a Roller Coaster — and We’re Riding It Down 🎢

Gold just snapped up like it saw Trump tweet “TARIFFS ARE BACK” — but the move smells like a knee-jerk algo pump, not real conviction. We just rejected right into a thin-volume imbalance zone and tagged the underside of a long-standing trendline.

📉 Short Setup Locked In:
💥 Entry: 3405
🛑 Stop: 3415
🎯 Target: 3353
💰 R:R ≈ 5:1

🔍 Why I'm In This Trade:

• That rip? Total headline panic, not structural strength.
  
• Low volume shelf above, with a massive POC magnet below at 3353.
  
• We tapped the Developing VAH (3414) and got rejected — classic trap setup.
  
• SQZMOM showing the energy is already fizzling. Green flash, no follow-through.
  

🧠 The Narrative:
Gold’s trying to price in volatility from every angle — Trump talk, tariffs, macro chaos — but under the hood, this pop looks unsustainable. If this is just a liquidity grab, we could see a flush back into the meat of value fast.

Grab your helmets — this roller coaster might just be heading downhill 🎢📉

8월 1일

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