this week gonna be great because tomorrow is fed chair Powell testimony and it's really have effect on gold but today we are going to use second trend analysis which makes some high impact in trading, if #XAUUSD breaks the 1858.12 limit high let's take a buy position to 1862.34 because the second trend formation is strong to make a big move but likely to decline, followed by sell limit at 1852.89 if the limit touch there then we take a sell below 1846.56.
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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.