XAU/USD Analysis: Potential Short Opportunity Ahead
已更新
Traders,
Here's a breakdown of the current situation:
Daily Chart: Despite a bullish channel, recent candles show signs of weakness, warranting caution.
4-Hour Chart: The trendline has been breached, and a reversal to this broken level is underway, indicating a potential shift in momentum.
Intraday: A pivotal point coincides with previous significant zones, providing an opportune moment for short positions.
Consider initiating short positions either immediately or after confirmation signals.
Best regards,
Here's a breakdown of the current situation:
Daily Chart: Despite a bullish channel, recent candles show signs of weakness, warranting caution.
4-Hour Chart: The trendline has been breached, and a reversal to this broken level is underway, indicating a potential shift in momentum.
Intraday: A pivotal point coincides with previous significant zones, providing an opportune moment for short positions.
Consider initiating short positions either immediately or after confirmation signals.
Best regards,
評論
Due to current geopolitical situation of the world, opening short positions are a bit risky for gold. So risk less than normal in this case.評論
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