Note
XAUUSD short-selling expectations are consistent, and traders who follow them have made huge profitsThe current XAUUSD market sentiment has clearly turned bearish. Although the gold price did not form a physical breakthrough in its first test of $3,000, the bearish trend has been initially established. Based on the market law of "false breakthroughs often occur in the first test", we need to be vigilant about the risk of a second bottoming out in the future. At present, the gold price has effectively fallen below the key support level of $3,022. This point, as the key transition point from previous support to pressure, has a strong suppressive effect. At this stage, bulls need to intervene cautiously and follow the trend to turn to bearish thinking. Now the unilateral strong rise in the gold market has come to an end, and the technical adjustment cycle may continue. Technically, pay attention to the breakout of the 3005-3030 range. In the short term, you can arrange high-altitude and low-multiple operations in this range.
Note
xauusd technical analysis, if more selling pressure appears, short-term attention should be paid to the S2 support levels at $3011 and $2997 to avoid drastic corrections.Note
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
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.