XAU/USD
An ounce of gold, with its uninterrupted growth, has managed to touch around $3245 so far. The strong long-term ceiling is in the $3250 price range, which is expected to cause a strong reaction from the ounce price and enter a correction phase of approximately 1500 pips.
The early hours of the market opening are very important. It remains to be seen whether the price will open with a negative gap or with a positive gap and above $3250. Keeping calm and entering a sell position around this point with a stop loss of $3262 is reasonable and can be profitable.
Good luck
An ounce of gold, with its uninterrupted growth, has managed to touch around $3245 so far. The strong long-term ceiling is in the $3250 price range, which is expected to cause a strong reaction from the ounce price and enter a correction phase of approximately 1500 pips.
The early hours of the market opening are very important. It remains to be seen whether the price will open with a negative gap or with a positive gap and above $3250. Keeping calm and entering a sell position around this point with a stop loss of $3262 is reasonable and can be profitable.
Good luck
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.