Here is our in-depth view and update on XAUUSD. Potential opportunities and what to look out for. This is a long-term overview on the pair updated from the previous one.
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play.
XAUUSD is currently trading at around 2670s.
If you remember our previous long-term view on
XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher.
https://www.tradingview.com/chart/XAUUSD/o6ovERnd-XAUUSD/
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD completed the predicted long-term move to the upside.
- XAUUSD sells were called at the top of the area (2714).
- XAUUSD failed to break higher and is following the long-term analysis.
Happy trading!
FxPocket
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play.
XAUUSD is currently trading at around 2670s.
If you remember our previous long-term view on
XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher.https://www.tradingview.com/chart/XAUUSD/o6ovERnd-XAUUSD/
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD completed the predicted long-term move to the upside.
- XAUUSD sells were called at the top of the area (2714).
- XAUUSD failed to break higher and is following the long-term analysis.
Happy trading!
FxPocket
Trade closed: target reached
Target reached.
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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.
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.