Gold Spot / U.S. Dollar
Long
Updated

#XAUUSD :Is it a Correction Or a start of Major Bearish Trend?

3 263
Gold has plummeted from 3550 to 3270, and it’s been falling steadily. We firmly believe that the price could reverse from either of our entry points, but given its significant drop, it raises concerns among traders. If the trend has shifted to bearish, it will likely continue to target buyers’ stop losses. In these market conditions, we strongly advise trading with utmost caution and prioritising risk management.

Good luck and trade safely.

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Our first entry, 1042+ Pips, is performing well so far. You can consider closing half of your positions. We will post new analysis on gold as we progress. Good luck and trade safely.

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