Short Position for Gold (XAU/USD) from 1992
Short Position for Gold (XAU/USD) from 1992
As a seasoned trader, I have initiated a short position for Gold (XAU/USD) from $1992. The decisive break below the crucial support level at 1977 has confirmed a bearish sentiment in the market. Notably, Gold has struggled to breach its established resistance levels, indicating a strong barrier to further upward movement. This strategic short position reflects my professional analysis and expectations for a bearish trend in Gold.
As a seasoned trader, I have initiated a short position for Gold (XAU/USD) from $1992. The decisive break below the crucial support level at 1977 has confirmed a bearish sentiment in the market. Notably, Gold has struggled to breach its established resistance levels, indicating a strong barrier to further upward movement. This strategic short position reflects my professional analysis and expectations for a bearish trend in Gold.
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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.