Gold Set to Decline After European Session

Updated
https://www.tradingview.com/x/nOtk1bAB/

Today, the primary focus is on short positions after the European session. During the Asian session, there may be another test of the upper resistance, but the probability of a breakout is low. Therefore, after the European session, bearish momentum is expected to take control. Our trading strategy should align with this trend by initiating sell positions. In the near term, the market is likely to decline towards the 2550 level, with a medium-term target around the 2487 zone.
Trade active
Due to the impact of the news, the price tested 2600 for the first time today, but failed to break through, and then began a sharp decline. This transaction made a very good profit.
Chart PatternsTrend Analysisxauusdanalysisxauusdbuyxauusdideaxauusdlongxauusdsellxauusdsetupxauusdshortxauusdsignalxauusdsignals

Starting next week, I won't be posting strategies here anymore. If you'd like to continue following the trades, you can join the free channel.

t.me/+8mDeSfnZUvE3OGU8
Also on:

Related publications

Disclaimer