Gold Spot / U.S. Dollar
Short
Updated

XAUUSD:Consider flipping to short

130
The morning's bullish gold strategy has turned profitable. Gold has seen a rapid spike-and-drop on the 1-hour chart, indicating emerging short-term resistance. As long as it fails to hit a new high, the resistance around 3028 will solidify, potentially triggering a reversal. Caution is needed when chasing long at current highs to avoid a sharp correction.

Market conditions are real - time. Gold had a strong bullish trend, but high market enthusiasm calls for prudence. Try shorting at high levels under the resistance.

Latest trading strategy:
sell@3021
sl:3030
tp:3000-2900

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Trade active
Consider reversing the position and starting to take a short position.

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