Gold Spot / U.S. Dollar
Long
Updated

XAUUSD: A Strong Bearish Presence in the market!

1 489
A strong bearish impulse propelled the price to its lowest point in the past two months, reaching 2972. This suggests that sellers continue to dominate the market trend. Our entry point at 2992 has been rendered invalid, and the market currently lacks any substantial bullish momentum. There is a possibility that the price may decline further, potentially reaching the liquidity point where sellers may become exhausted.

Best of luck,

Team Setupsfx_
Trade active
564+ from our second entry zone, we advise 50% of the position to be closed.

More updates will be posted!

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Trade closed: target reached
1120+ Pips target has reached take profit area. Consider closing any gold buy positions.

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