XAUUSD continue its downtrend.
After the FOMC statement, gold continued its bearish trend strongly. Now, on the 4-hour chart, we can see a clear retest of the previously broken zone, forming an engulfing candlestick pattern. Therefore, we can expect a retest of the zone on the 15-minute chart to look for a short and continue the trend, potentially reaching around 2540.
Remember to trade responsibly with good risk management.
Let's make some profits, good luck.
Remember to trade responsibly with good risk management.
Let's make some profits, good luck.
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.