Yo fam, did you see gold (XAUUSD) take a proper beating last Friday? Not ideal. But hold tight, with a drop that size, we might see a ting called a dead cat bounce in the next few days.
Now, this dead cat bounce is a tricky one. It's like a small price jump that makes you think things are getting better, but then bam! Downward trend keeps on rolling.
Here's a breakdown of the concept:
Now, this dead cat bounce is a tricky one. It's like a small price jump that makes you think things are getting better, but then bam! Downward trend keeps on rolling.
Here's a breakdown of the concept:
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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.