Gold (XAU/USD) Daily Chart - One More Leg Down?
After a prolonged downtrend, Gold is still bearish and looks to be heading down for another leg.
I have taken a low-risk short expecting a short-term bearish move to the next support level.
As the trend is already very extended, I am not looking for a large move, and I am ready to get out once the momentum changes or once price reaches the next level of support.
I have taken a low-risk short expecting a short-term bearish move to the next support level.
As the trend is already very extended, I am not looking for a large move, and I am ready to get out once the momentum changes or once price reaches the next level of support.
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