Gold: Short selling

Updated
snapshot

Observing the 1-hour chart of gold, MACD indicator has shown a clear divergence.


The increase has reached as high as 40 US dollars from yesterday to today, so a short-term pullback is necessary.


Therefore, short-term trading will be bearish dominant, supplemented by bullish, until the correction is completed. From a long-term perspective, it is expected to rise until it reaches 1860 US dollars.

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XAUUSD
Trade active
The profit-taking at 1832 has been reached
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