Recent market sentiment seems to be waning despite price holding around 1315-1320. Nonetheless, going to follow the system and short XAU/USD.
If bearish trend continues, expect to get down to 1275-1280, but will hold until signal in opposite direction is given.
If bearish trend continues, expect to get down to 1275-1280, but will hold until signal in opposite direction is given.
Note
Stop Loss at 1335.Trade closed: stop reached
Big jump up yesterday. Still this is about to turn, perhaps sometime next week so will wait for another signal to jump back in and short.
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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.