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Hazmi94
May 27, 2023 2:39 PM

Gold  Short

GOLD (US$/OZ)TVC

Description

For Gold, we observe distinct bearish movements on higher timeframes. This suggests that traders should seek ongoing opportunities to sell on smaller timeframes in order to capitalize on the bearish momentum. Nonetheless, if selling pressure intensifies significantly, it may result in an accelerated downward movement, making it challenging to identify favorable price levels for a substantial pullback.

Trade closed: target reached

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