XAU/USD Higher Highs Or Re-bound?
I've covered XAUUSD/Gold repeatedly On Trading View since the extended rally.
The case for Gold still represents a continued bull market with little kickback. Any serious change in sentiment will likely cause this and is required.
Any short entries at these highs must be limited in both size and target. Lighter sizes, earlier targets are a more risk averse format which is highly suitable at such levels.
Any longs really require larger falls to get value.
NOTE: Gold can rebound in risk on and risk off. There is no pegged sentiment driver currently.
The case for Gold still represents a continued bull market with little kickback. Any serious change in sentiment will likely cause this and is required.
Any short entries at these highs must be limited in both size and target. Lighter sizes, earlier targets are a more risk averse format which is highly suitable at such levels.
Any longs really require larger falls to get value.
NOTE: Gold can rebound in risk on and risk off. There is no pegged sentiment driver currently.
Note
Momentum leading short. News sentiment required for fast falls.Note
Any shorts, make them tiny.Note
Still short biased, rejection at highs.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.