Hi! As we can see, Gold price has shown a great tendency to increase! After reaching 2493$, I believe there is an excellent opportunity for us to have a long position in 15-min timeframe. The 2507 (green line) was a short-term resistance that now is broken and the price has passed 2518. So with great money management (always necessary) , I think a LONG position...
What do you think about this position? Gold continues to stretch lower on Tuesday and trades at its weakest level in nearly two weeks below $2,480. Although the US Treasury bond yields decline toward 3.8%, XAU/USD struggles to find a foothold amid persistent US Dollar resilience.
Scalpers enter and exit the financial markets quickly, usually within seconds... But most of the time patience is the important key! However, I shorted gold on 2524, but I have to wait for the best setup...! Let's be ready for a short position on 2518 with a great reward!
In the past 2 years, the Japanese Yen has faced numerous challenges due to the steady steps of the USD in the battle for ascension. Contrary to many analysts, I believe that the fall of the JPY against the US dollar has not yet ended, and we should still expect many surprises in the days ahead. So, I am planning to get a LONG position in 144.50.