xauusd: Will gold reach 1900?
Updated
Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for the near term is to wait for an upward movement before continuing to short.
Key resistance levels to watch are 2040-2050-2060. Scaling in short positions can be considered upon reaching this area, with target zones focused on 1980-1960-1940.
I update market analysis daily and also send accurate trading signals within Luke's group to help ensure the long-term stability and profitability of your account. Don't miss out!
Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for the near term is to wait for an upward movement before continuing to short.
Key resistance levels to watch are 2040-2050-2060. Scaling in short positions can be considered upon reaching this area, with target zones focused on 1980-1960-1940.
I update market analysis daily and also send accurate trading signals within Luke's group to help ensure the long-term stability and profitability of your account. Don't miss out!
Trade active
I will continue to send daily strategies and opinions, hoping to be helpful to you. Maintaining rational trading can overcome all difficulties.Trade active
Gold has risen again and reached the key resistance area. As I mentioned before, rising is a shorting opportunity, and the overall trend is still falling.Trade active
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