XAUUSD BEARISH POSSIBILITY
Currently, gold is experiencing a bearish market scenario, with fluctuations in its price witnessing a state of imbalance. Employing a swing trading strategy suggests waiting for the price to rebound to the $2400 mark before executing a sell order.
Note
Based on this analysis, the Gold market from May 6th - 10th is expected to remain bearish until it hits the 2200 level.Note
Not financial advice: Gold is currently in the Block Order Zone. As planned, I will sell with a profit target at 2300 which was the previous Liquiditi area.
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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.
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.