XAUUSD (Gold) - Correct Again? Another Probe Scenario As Planned
Hi Traders, in yesterday's Gold analysis, I talked about potential selling opportunities around 1865 as price showed multiple signs of weakness, popped back into the 1825 - 1870 range.
If you took the advantage to short, i believe you must had a good day!
What do we learn from this lesson? Is simply to not believe news spike, which in fact most of the news-caused price movement are highly irrational.
As gold broke below the 1825 support, we could expect further push downwards.
However, if by any time gold finds strength popping back into the range, then possibly it might continue the Range Bound condition.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you took the advantage to short, i believe you must had a good day!
What do we learn from this lesson? Is simply to not believe news spike, which in fact most of the news-caused price movement are highly irrational.
As gold broke below the 1825 support, we could expect further push downwards.
However, if by any time gold finds strength popping back into the range, then possibly it might continue the Range Bound condition.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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