XAUUSD:2088 attachment has peaked, short selling is the main foc
Excluding news factors, from a technical perspective, gold's short-term peak signal has appeared, and short selling will be the main focus.
The tradable range is as shown in the figure,
You can buy short positions in the 2082-2088 range, with the first target near 2065. If this position can form support, gold will rise again, and the increase may exceed 2088.
On the contrary, if this position cannot form support, then you can continue to buy short positions. The second target level is around 2042-2045.
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade closed: stop reached
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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.