XAUUSD, Break Above Highs Or Rebound?
Gold largely has become unpinned with its traditional sentiment drivers.
This creates inherent danger, and makes the case for rebounds off highs somewhat questionable.
Nonetheless, there is a risk averse bias that can be taken, reflective of price movements. Here's some levels and strategy to note.
This creates inherent danger, and makes the case for rebounds off highs somewhat questionable.
Nonetheless, there is a risk averse bias that can be taken, reflective of price movements. Here's some levels and strategy to note.
Note
MM stop as expected. Remaining short.Note
New highs achieved.
Remember Gold Sentiment is unpinned. We are rallying in 'Risk On'.
If you are short selling you are in no mans land (technically, and sentiment wise).
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.