After a significant drop in price last week, XAU has reached one of my previously set targets. Based on current market analysis, I believe that XAU may continue to trade within a range and potentially move upwards towards the 1870 level before any further bearish signals are confirmed.
However, it is important to note that market conditions can change quickly, and it is crucial to stay vigilant and adapt your trading strategy accordingly. It is recommended to monitor the price action closely and make adjustments to your trading strategy as necessary.
Targets:1853, 1860, 1870
However, it is important to note that market conditions can change quickly, and it is crucial to stay vigilant and adapt your trading strategy accordingly. It is recommended to monitor the price action closely and make adjustments to your trading strategy as necessary.
Targets:1853, 1860, 1870
Trade closed: target reached
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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.