Dip buying will burn bulls
Updated
I think market pushed so hard to touch bearish multiyear trendline and got a serious rejection. (weekly candle is a shooting star)
Currently over %65 of total positions are long acoording to oanda sentiments.
Price needs to break green support line first to say bearish market inducted. i'd recommend break re-test and sell XAUUSD to 1240 or lower TP.
Currently over %65 of total positions are long acoording to oanda sentiments.
Price needs to break green support line first to say bearish market inducted. i'd recommend break re-test and sell XAUUSD to 1240 or lower TP.
Note
Bulls set on fire.
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.