Gold Spot / U.S. Dollar
Short
Updated

XAUUSD:SELL

401
snapshot

Gold rebounds from a high level and forms a top. Don’t chase long easily. Gold rebounds are an opportunity to go short.
The four-hour line is an obvious arc top pattern, which means that the upper shadow line is constantly closing, and all the K lines are going down along the moving average, which is an obvious suppression;

So the trading strategy is;
Short gold at 2570-75, target 2550, stop loss 2580
Trade active
SELL
Trade active
Waiting for descent
Trade closed: stop reached
SL

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