GOLD REVERSAL - CHECK THIS OUT... 🥇🥇🥇
Hi traders
As promised, I have updated my analysis on XAU/USD.
I have linked the previous post below where we had a losing trade on gold. Post analysis we can see that we draw the conclusion that in our previous post Leg C of this ABC move was not complete yet. We have hit structure, but we could still move a little higher into the ascending trend or even double top with previous highs.
We will continue to be reactive with this position, but we are still firmly holding a bearish bias for Gold.
Will look at 1hr entries over the next 24 hours to catch the start of this reversal.
Remember stop losses are there to protect you, always use them and trade safely.
The Fx Chartist
As promised, I have updated my analysis on XAU/USD.
I have linked the previous post below where we had a losing trade on gold. Post analysis we can see that we draw the conclusion that in our previous post Leg C of this ABC move was not complete yet. We have hit structure, but we could still move a little higher into the ascending trend or even double top with previous highs.
We will continue to be reactive with this position, but we are still firmly holding a bearish bias for Gold.
Will look at 1hr entries over the next 24 hours to catch the start of this reversal.
Remember stop losses are there to protect you, always use them and trade safely.
The Fx Chartist
Comment:
Target one hit.
