XAUUSD - 1H Pullback phase

XAUUSD has completed its third bullish leg, driven by the recent news of Iran's president's death.
Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction.
However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management strategies when trading against the prevailing trend.

Trade closed: target reached

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Note

I just want to remind everyone of this perfect sell idea on XAUUSD that we had some time ago. The entry was spot on, leading to a significant drop in price just as we predicted. It’s always good to look back and see how well our analysis can play out. Here's to many more successful trades ahead!

Sober_Trading

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Sober_Trading

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