XAUUSD (Gold) - Had Some Great Long Setups, But Stay Cautious!
Hi Traders, for the past 1-2 weeks I've been calling long setups on Gold and all of them went according to plan.
1680, 1700, 1713, 1740, all these were areas where I mentioned we could be buying into the dip.
However, as now price seems like its slowing down and rolling over, try not to rush into any trades especially when Gold is still in an overall mid to long-term downtrend.
What we're expecting is a long-term reversal at 1680, but always stay cautious because any resistance or halt in momentum could be a threat as we're going against the trend.
Let's observe further and see if we could squeeze in any setups.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
1680, 1700, 1713, 1740, all these were areas where I mentioned we could be buying into the dip.
However, as now price seems like its slowing down and rolling over, try not to rush into any trades especially when Gold is still in an overall mid to long-term downtrend.
What we're expecting is a long-term reversal at 1680, but always stay cautious because any resistance or halt in momentum could be a threat as we're going against the trend.
Let's observe further and see if we could squeeze in any setups.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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