Beanissthefunnytrader

Gold H4 - 10/05/2022

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The current stage of the global market is mostly a downtrend and Gold is also a victim of the recent decline.

At this point, it might slightly bounce before being sucked to $1800 where there is a lot of demand. Then, the price has a high chance to fluctuate around this point before making a new move. From my analysis, Gold on the bigger timeframe is still in a big uptrend

Remember to trade systematically.
Cheers
Comment:
Gold has gone in the right direction. Taking part or a whole profit is a good option although I presume it will go even further
Trade closed: target reached:
Forgot to update such a beautiful signal
Thanks for watching
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