XAUUSD UPDATE: WATCHING THE BEARISH PIN BAR IN THE H4

Hello there again, I'm here to shed more light on this pair, XAUUSD, It's like someone is getting me wrong here! In my past analysis, I told you that this is a strong bullish trend and that you should be extra careful selling this pair. Meanwhile, we have already seen a bearish pin bar formed at the key psych level, meaning there could be a nice opportunity for the bears to ride the market to the downside, but they should be extremely careful, as the Gold could head back up. But, currently, the sell signal is still intact, most especially for short-term traders.

If you are selling, make sure you set your take profit close to the entry price to take advantage of the short bearish move of the market.