Gold- Correction looming

٢٤ سبتمبر

Gold began the week by setting new all-time highs, with the latest at 2644.
However, the bulls appear to be losing momentum, and the recent rise has formed a small rising wedge, which suggests a potential pullback.

In conclusion, while the medium-term outlook remains very bullish, in the short term, I’m looking to sell in anticipation of a test near the 2600 zone or just slightly below.

٢٤ سبتمبر

تم فتح الصفقة

XauUsd just reached the upper boundary of the wedge
Confirmation for the start of correction comes with a daily close under 2630

٢٥ سبتمبر

أغلقت الصفقة: تم الوصول لوقف الخسارة

The stop has been reached.
Looking to sell again