XAUUSD: Seller's Opportunity!
Updated
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The technical indicators are signaling a potential increase in risk and a decline in earnings, which may worry those who are bullish on the stock market in 2023. As a result, the price of gold may be negatively affected. Additionally, it is important to consider the negative impact that silver's recent outperformance may have. Historically, silver tends to outperform gold before major market downturns occur. With silver having corrected 50% of its 2022 decline, this is a significant sell signal. Overall, there are several indicators that suggest that gold prices may decrease in the future. While seasonal factors may currently be boosting sentiment, it is important to maintain a realistic long-term outlook.
SELL XAUUSD zone 1998 - 2000
Stoploss: 2007
Take profit1: 1990
Take profit2: 1980
Take profit3: 1965
BUY XAUUSD zone 1983 - 1985 (scalping)
Stoploss: 1980
Take profit1: 1990
Take profit2: 2000
Note: Note: Full TP, SL for winning the market and safe trading!
The technical indicators are signaling a potential increase in risk and a decline in earnings, which may worry those who are bullish on the stock market in 2023. As a result, the price of gold may be negatively affected. Additionally, it is important to consider the negative impact that silver's recent outperformance may have. Historically, silver tends to outperform gold before major market downturns occur. With silver having corrected 50% of its 2022 decline, this is a significant sell signal. Overall, there are several indicators that suggest that gold prices may decrease in the future. While seasonal factors may currently be boosting sentiment, it is important to maintain a realistic long-term outlook.
SELL XAUUSD zone 1998 - 2000
Stoploss: 2007
Take profit1: 1990
Take profit2: 1980
Take profit3: 1965
BUY XAUUSD zone 1983 - 1985 (scalping)
Stoploss: 1980
Take profit1: 1990
Take profit2: 2000
Note: Note: Full TP, SL for winning the market and safe trading!
Trade active
SELL XAUUSD hit TP1 +100pipsNote
Close BUY XAUUSD (Scalping) +40pips
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