Gold (XAUUSD)Short
Gold may decline
After the explosive bull run, Gold has reached a zone of high volume.
At this area, the price showed signs of rejection immediately.
This is a chance for the price to continue it's overall downtrend.
This setup offers a decent RRR of 2.5:1.
At this area, the price showed signs of rejection immediately.
This is a chance for the price to continue it's overall downtrend.
This setup offers a decent RRR of 2.5:1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.