Understanding market cycles is key in financial trading, as showcased by our recent sell call on #XAUUSD.
After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum.
This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's upper limits.
Stay informed, as comprehension of such cycles can lead to strategic market decisions.
After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum.
This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's upper limits.
Stay informed, as comprehension of such cycles can lead to strategic market decisions.
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💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Join Our Free Telegram Channels!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
t.me/Sober_Trading
💵 Gold & Forex – Expert insights & accurate signals!
t.me/Sober_Forex
🎯 Stay ahead with free updates!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.