Here we can continue with bears and open sell short position
First of all: XAU symbol or gold is a roadmap and not recommended for trading.
In the last few weeks, the price recorded its historical ceiling (this range was touched 3 times in the last 3 years) and in the last few days it touched its several-day ceiling again, which is easily visible in the 1-hour timeframe. Needless to say, the short-term uptrend has been broken and it is now very likely to expect a pullback for a strong and appropriate fall to 1937 and below.
***Transactions in financial markets have a lot of risk and these are just personal ideas and are not investment proposals. You are fully responsible for the transactions.****
have a good day
First of all: XAU symbol or gold is a roadmap and not recommended for trading.
In the last few weeks, the price recorded its historical ceiling (this range was touched 3 times in the last 3 years) and in the last few days it touched its several-day ceiling again, which is easily visible in the 1-hour timeframe. Needless to say, the short-term uptrend has been broken and it is now very likely to expect a pullback for a strong and appropriate fall to 1937 and below.
***Transactions in financial markets have a lot of risk and these are just personal ideas and are not investment proposals. You are fully responsible for the transactions.****
have a good day
Trade closed: stop reached