Gold Spot / U.S. DollarUpdated Check the XAUUSD charts daily to avoid losses
As you can see, it's all real and valid. XAUUSD price is in a downtrend channel and can be expected to test the support level of $1830-1845. At the moment it's just a correction in price action and there is no signal to make us strongly bearish, so the opportunity to wait for entry is still there. Reducing losses will also help the level of trading to continue to improve, and risk management is particularly important.
Trade closed: target reached
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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.