XAUUSD has completed its third bullish leg, driven by the recent news of Iran's president's death.
Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction.
However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management strategies when trading against the prevailing trend.
Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction.
However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management strategies when trading against the prevailing trend.
Trade closed: target reached:
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Comment:
I just want to remind everyone of this perfect sell idea on XAUUSD that we had some time ago. The entry was spot on, leading to a significant drop in price just as we predicted. It’s always good to look back and see how well our analysis can play out. Here's to many more successful trades ahead!
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