/๐ Short Gold Setup: Ride It Down to $3,150
Goldโs getting sold off because every new jobs report, retail sales print, and GDP beat shows the economy is stronger by the day. Safe-haven appeal is fadingโtime to short the rally.
Adjust Your Positions Now
๐$PAXG
Trade Plan:
โข Entry: Short near $3,330 Currently
โข Take Profit (TP): $3,150
โข Stop Loss (SL): $3,225
Why This Works:
Strengthening Economy: Better data โ higher bond yields โ gold gets dumped.
Dollar Power: Strong DXY means less gold demand.
Fed Pause: Powellโs sticking to rates, so no fresh catalyst to boost gold.
Watch For:
U.S. Jobs/Inflation prints (if they top forecasts, gold dives further)
10-year Treasury yield spikes (yields up = gold down)
DXY cracking above 105 (dollar strength = gold weakness)
Stay sharp, manage risk, and let the trend do the work.