XAUUSD:Short, target around 2134
https://www.tradingview.com/x/S5o7JXOl/
The gold market fluctuated violently today, and the 2192-2196 we expected has been reached today. At this point, the rise has basically ended, and what is left is a volatile downward trend. The low must be at least around 2134.
So the next idea is very simple. Go short on rallies. If you are patient, you can leave some high short orders and wait for them to be closed near 2134. The rest can be traded in the swing range.
The gold market fluctuated violently today, and the 2192-2196 we expected has been reached today. At this point, the rise has basically ended, and what is left is a volatile downward trend. The low must be at least around 2134.
So the next idea is very simple. Go short on rallies. If you are patient, you can leave some high short orders and wait for them to be closed near 2134. The rest can be traded in the swing range.
Trade active
Mainly trading short tomorrowTrade active
The market is currently showing signs of rebound. You can go long first and then go short near the resistance level.
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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.
Related publications
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.