Gold shows signs of exhaustion
After the rapid rise in the gold price last week, the market has recently consolidated and is showing signs of forming a top.
On H1, a break in the market structure has occurred, resulting in a beginning bearish trend.
We open a short position with an RRR of 1.88:1 and target the zone from which the price broke out upwards last week.
On H1, a break in the market structure has occurred, resulting in a beginning bearish trend.
We open a short position with an RRR of 1.88:1 and target the zone from which the price broke out upwards last week.
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