Hey Traders,
XAUUSD (gold) seems to be in a consolidation between 1810 - 1795 price level, if it manages to break through the recent support we will see a push exhaustion push scenario and likely going to fall down to test monthly moving averages.
I've been in this trade for a while and have had good scalping opportunities while its consolidation like this, maybe try using a smaller timeframe with 9 moving average when it bounces off the top off consolidation for a good short trade.
Please also remember, GOLD is usually a BUY trade its always better to buy rather than sell, however, it does have its bear runs and I believe the bear run has not yet finished. :)
XAUUSD (gold) seems to be in a consolidation between 1810 - 1795 price level, if it manages to break through the recent support we will see a push exhaustion push scenario and likely going to fall down to test monthly moving averages.
I've been in this trade for a while and have had good scalping opportunities while its consolidation like this, maybe try using a smaller timeframe with 9 moving average when it bounces off the top off consolidation for a good short trade.
Please also remember, GOLD is usually a BUY trade its always better to buy rather than sell, however, it does have its bear runs and I believe the bear run has not yet finished. :)
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YouTube ⏩ linktw.in/ueTGhN
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.
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
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.