XAUUSD: Entry of the bears!

By Sphyn-Trader
Updated
Hello traders, there is some important information you need to know

The price of gold, represented by XAU/USD, is currently stable at 2,030$ per troy ounce. Both gold and the US dollar are in high demand due to investors' risk-averse behavior. The US dollar gained value against most currencies earlier in the day and maintained its gains after the opening of Wall Street. However, the overall mood is dampened by concerns about the health of the banking system, compounded by the lack of significant data releases.

SELL XAUUSD zone 2045 - 2048

Stoploss 2053

Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2020

Note: Set full TP, SL to win the market and be safe in trading!

Trade active
Trade active
Hit TP2 +130pips
Trade active
Trade closed: stop reached
Hit FULL TP +280pips.
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Sphyn-Trader

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