XAUUSD: SELL
After forming a head-and-shoulders bottom pattern, gold has not broken the support level at 2656 and subsequently surged to around 2680. Currently, there is a need for a pullback in this pattern. Traders can initially take a short position, monitoring the support in the 2668-2663 range. If this support holds, consider going long; if it breaks, wait for a rebound to enter short.
Trade active
Gold has fallen, short sellers have made profits, and the BTCUSD shared on the channel has also made good profits. Today's earnings are not bad.Trade active
The price has quickly fallen back, just as expected.
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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.