XAUUSD Price is currently in premium. Shorts are safer to do than longs, according to daily bias. Fundamentally and technically, we could find a possible correction in the gold markets next week - if not, then a continuation.The price has been going well with the bullish trend, however a correction could possibly happen before any buys.
Technically speaking, in the 5m timeframe, we can see a bearish structure. Yesterday's structure gave us a sell opportunity. We can see a bearish breaker, order block, and imbalances formed. Less risky short trades are according to the optimal trade entry fibonacci in the charting provided (2514-2520).
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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.