XAU/USD ready to distributed, Big Short soon!
Updated
As I illustrated on the chart, xau / usd has now passed the accumulation phase and will be distributed soon. I predict a decline to 1850, but pay attention to the closest break to anticipate a possible re-trace (for scalpers). Technically it may be called a double top, but I no longer believe in hope-based technical analysis.
Trade active
I have entered a short position from 1885, I will manually take profit around 1850. My stop loss is 1888, but looking at the situation, it is possible that I will change my stop loss to averaging with a floating loss tolerance limit of 1903.
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