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Sphyn-Trader
Aug 22, 2023 3:40 AM

XAUUSD: Will it be a reversal or a continuation of the downtrend Short

GoldOANDA

Description

Gold price is looking to build onto its recovery and recapture the 1,900 mark, as the Greenback maintains its corrective mode from two-month highs amid mixed fundamental factors. Risk sentiment remains rather cautiously optimistic in Asia this Thursday, as traders cheer overnight gains in US tech stocks after shares of Nvidia jumped 8.5% ahead of Wednesday's earnings report, providing supportive ground for local chipmakers.

Comment

Maybe SELL at 1900 - 1903 with SL 1906 and TP 1890

Trade closed: stop reached

FULL TP
Comments
ArmanShabanTrading
Elegant chart!
Andrew-Trading
thank you
Andrew-Trading
So good bro, this is the best analysis
Sofia-QueenOfFomo
XAU is having a slight increase, is this the beginning of an uptrend?
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