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XAUUSD - 1H Market cycles

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Gold Spot / U.S. Dollar (FX:XAUUSD)  
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FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD Gold XAU USD Forex forexsignals signal signals Contains image
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Understanding market cycles is key in financial trading, as showcased by our recent sell call on #XAUUSD.

After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum.

This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's upper limits.

Stay informed, as comprehension of such cycles can lead to strategic market decisions.
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Those zones worked well and still working...

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