XAU/USD seems to have lost all bullish support and may very well be translating into a long term reversal.
If this price does not hold further and the SL is not broken then we can expect XAU/USD to fall 500 Pips+ short.
Always risk manage properly and invest professionally. This is only an idea, which I will personally as well keep an eye on it.
If it is indeed a long term reversal, then it may hit the 1260 level by beginning october.
Happy trading!
If this price does not hold further and the SL is not broken then we can expect XAU/USD to fall 500 Pips+ short.
Always risk manage properly and invest professionally. This is only an idea, which I will personally as well keep an eye on it.
If it is indeed a long term reversal, then it may hit the 1260 level by beginning october.
Happy trading!
Note
You could short term close and take your profits and re-open when the next sell opportunity arises.
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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.
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.