The spot gold price (XAU/USD) continues to rise sharply due to the impact of trade wars between the US and major powers, along with serious concerns about economic recession.
Currently on the H1 timeframe, the price remains in an uptrend, so we should prioritize Buy positions and limit Sell orders. If there is a clear strong downward correction movement, then we can look for opportunities to Sell.
Currently on the H1 timeframe, the price remains in an uptrend, so we should prioritize Buy positions and limit Sell orders. If there is a clear strong downward correction movement, then we can look for opportunities to Sell.
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Related publications
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.