XAUUSD Short: Technically, it indicates a short momentum, supported by a broader time frame's failed attempt to move higher. At the moment, gold is reacting well at previous sell zones. It has just touched a previous high and stalled at a failed attempt to break upward, as demonstrated by the three pushes in the smaller time frame.
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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.