Gold Price to Cool Down? Are you guys Shorting GOLD {16/01/24}
Educational Analysis says XAUUSD may move in this range for some time according to my technical.
Broker - FxOpen
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Broker - FxOpen
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Trade ativo:
Gold reached supply zone