XAUUSD Getting ready for a drop
Based on the chart, price reached to a major resistance area and a weakness on buyers is considerable so a bearish movement would be highly possible.
Also it provides a good risk/reward ratio that makes the trading setup fantastic.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
Also it provides a good risk/reward ratio that makes the trading setup fantastic.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
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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.