Today, the gold trend appears sluggish in terms of momentum, making it challenging to determine whether the trend will persist or exhaust. Given this scenario, I am inclined to believe that gold is presenting a bearish bias. Consequently, I have taken a selling position, with the expectation of a price retracement from the current high of 1898.800 to around 1892.500. However, I advise adopting a wait-and-watch approach as the situation develops.
"Navigating the markets with a clear mind and a sharp focus. Join me on the path to trading success and discover the art of strategic decision-making."
Disclaimer: The information and opinions shared in my trading discussions and posts are for educational and informational purposes only. They should not be considered as financial advice or recommendations. Trading involves risks, and it's important to conduct thorough research and consult with qualified financial professionals before making any trading or investment decisions. I do not guarantee the accuracy, completeness, or timeliness of the information provided, and I am not responsible for any losses or damages that may result from your trading activities. Always trade responsibly and consider your individual financial situation and risk tolerance.
"Navigating the markets with a clear mind and a sharp focus. Join me on the path to trading success and discover the art of strategic decision-making."
Disclaimer: The information and opinions shared in my trading discussions and posts are for educational and informational purposes only. They should not be considered as financial advice or recommendations. Trading involves risks, and it's important to conduct thorough research and consult with qualified financial professionals before making any trading or investment decisions. I do not guarantee the accuracy, completeness, or timeliness of the information provided, and I am not responsible for any losses or damages that may result from your trading activities. Always trade responsibly and consider your individual financial situation and risk tolerance.
Trade closed manually:
50+ profit