GOLD/ XAUUSD SHORT/SELL
🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : Small Scale
🔰 Direction : SELL
After an extended accumulation phase, Gold has seen an exit of buyers and an influx of sellers following a lackluster performance over the past three days. As we approach Monday and Tuesday, the market presents a clear opportunity for Gold selling to around $1936 area. Nevertheless, it's crucial to maintain a prudent perspective, as this is merely a short-term selling opportunity.
For those seeking potential buying opportunities, I encourage you to review our related post from last week. There, we highlighted potential indicators and signals that could guide us towards a favorable buying position once the DXY correction period unfolds. Remember, as professional traders, we stay vigilant, stick to our trading strategy, and leverage all available insights to make informed decisions.
🔰 Time Frame : 4H
🔰 Scale Type : Small Scale
🔰 Direction : SELL
After an extended accumulation phase, Gold has seen an exit of buyers and an influx of sellers following a lackluster performance over the past three days. As we approach Monday and Tuesday, the market presents a clear opportunity for Gold selling to around $1936 area. Nevertheless, it's crucial to maintain a prudent perspective, as this is merely a short-term selling opportunity.
For those seeking potential buying opportunities, I encourage you to review our related post from last week. There, we highlighted potential indicators and signals that could guide us towards a favorable buying position once the DXY correction period unfolds. Remember, as professional traders, we stay vigilant, stick to our trading strategy, and leverage all available insights to make informed decisions.
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