Short with high risk and low stop
Bearish Analysis for XAU/USD
Symbol: XAU/USD (Gold to US Dollar)
Technical Analysis:
1. Daily Chart:
Main Trend: Currently, the XAU/USD is in a uptrend, but can short here
Forecast:
Considering the technical and fundamental analysis, XAU/USD is likely to continue its bearish trend towards . Caution is advised, and entry and exit points may vary based on market conditions.
Trading Guide:
Timely Entry: Entering short positions might be effective if the downtrend is confirmed.
Risk Management: Placing stops and limits is crucial for effective risk management.
Note: Always stay vigilant to market changes and base your trading decisions on the latest information.
Symbol: XAU/USD (Gold to US Dollar)
Technical Analysis:
1. Daily Chart:
Main Trend: Currently, the XAU/USD is in a uptrend, but can short here
Forecast:
Considering the technical and fundamental analysis, XAU/USD is likely to continue its bearish trend towards . Caution is advised, and entry and exit points may vary based on market conditions.
Trading Guide:
Timely Entry: Entering short positions might be effective if the downtrend is confirmed.
Risk Management: Placing stops and limits is crucial for effective risk management.
Note: Always stay vigilant to market changes and base your trading decisions on the latest information.
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.
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.