XAU/USD downtrend intact, will sell the rallies
Hello traders, if you have been following me over the last few weeks,
you already know that I sold Gold at 2004 level around a week
ago when prices spiked up. Since then, I have been selling the rallies.
Profit has also been taken on the previous sell@1965 and closed at 1938.
Currently, in the 4-hour chart, the price action is still bearish. In fact, the focus
has now shifted to the 1920 key level. However, I am not putting any new sells
at this level. In case Gold spikes to the 4-hour resistance around 1960, I would
consider placing fresh sell again.
you already know that I sold Gold at 2004 level around a week
ago when prices spiked up. Since then, I have been selling the rallies.
Profit has also been taken on the previous sell@1965 and closed at 1938.
Currently, in the 4-hour chart, the price action is still bearish. In fact, the focus
has now shifted to the 1920 key level. However, I am not putting any new sells
at this level. In case Gold spikes to the 4-hour resistance around 1960, I would
consider placing fresh sell again.
ملاحظة
Lack of volume keep the price ranges low for trading, however chances of a fall to 1920 is increasingملاحظة
Still waiting to see if we can get a spike to 1958-1960ملاحظة
Placed sell limit1958ملاحظة
CPI data later today can lead to some volatility
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.