Gold Spot / U.S. Dollar
Updated

XAUUSD On The Move, Off From Highs. Where Next?

418
Hey Traders,

I've mentioned short routinely on pops up, following on from major rejection at ATH's.

Now, you can start to look for a long bias as we approach key support.

Watch and learn.
Note
Holding off long entries. Likely sentiment will continue drip, no clear reaction currently.
Note
Patience is key. Let market move.
Note
Re shorts (risk averse) much higher circa 2050.
Note
Non risk averse short areas still exist. Further Re shorts (risk averse) remain higher.
Note
Still holding off.

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.