I’m opening a sell position on gold based on a detailed technical analysis that incorporates multiple strategies. The decision was made after the formation of a reversal candle, indicating a strong selling opportunity. The stop-loss is placed above the last candle to protect against potential reversals. If the expected drop occurs, this trade will yield a favorable risk-reward ratio. For anyone interested in additional analysis or assistance with trading, feel free to contact me directly
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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.