XAUUSD Trend Analysis
As we see the XAU chart:
I draw 1D and 4H trend lines that both are bearish, in this situation we can take short positions with low risk in proper reversal zones, the first red rectangle near the price is good area to take short position(Lower risk)
and also we have a green rectangle that was touched once by price and it may push the price up if it touches again(Higher risk)
Thanks for your consideration.
I draw 1D and 4H trend lines that both are bearish, in this situation we can take short positions with low risk in proper reversal zones, the first red rectangle near the price is good area to take short position(Lower risk)
and also we have a green rectangle that was touched once by price and it may push the price up if it touches again(Higher risk)
Thanks for your consideration.
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.