Gold: Short selling
Updated
Observing the 1-hour chart of gold, MACD indicator has shown a clear divergence.
The increase has reached as high as 40 US dollars from yesterday to today, so a short-term pullback is necessary.
Therefore, short-term trading will be bearish dominant, supplemented by bullish, until the correction is completed. From a long-term perspective, it is expected to rise until it reaches 1860 US dollars.
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XAUUSDTrade active
The profit-taking at 1832 has been reached
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