Gold could start a correction

4 de fev.

Yesterday, after an intraday correction during the Asian session, XAUUSD bulls regained control and pushed the price to a new all-time high of 2830.

Since the start of the year, gold has been trading within a tight ascending channel.
Given that the price touched the upper boundary of this channel yesterday, a test of the lower boundary could be expected next.

At the time of writing, the price is hovering around minor support, and a break below this level could expose the 2770 zone.

Despite the strong uptrend, my strategy is to sell into rallies—though this approach carries significant risk.
A new all-time high would invalidate this scenario.

4 de fev.

Trade fechado: stop atingido

My today analysis has been incorrect

However, as said, I was not sure, so the volume was low and stop also pretty tight.

Anyway, further on, I will look also to sell when I will think the price will start correcting