Good morning, friends...
Gold formed a green candle yesterday due to the drop in oil prices, and now it’s back where it started.
Does this mean anything?
Of course not..🤷
We won’t call it a rise unless it breaks through resistance and holds above it...
And yesterday we got a quick, profitable short trade 😉
Current price: $3918 and the overall trend is bearish...
When you see a green candle, wait for a clear break above resistance and for the price to hold...
#الذهب #GOLD #XAU #PAXG #downtrend
$XAU
$PAXG
Gold formed a green candle yesterday due to the drop in oil prices, and now it’s back where it started.
Does this mean anything?
Of course not..🤷
We won’t call it a rise unless it breaks through resistance and holds above it...
And yesterday we got a quick, profitable short trade 😉
Current price: $3918 and the overall trend is bearish...
When you see a green candle, wait for a clear break above resistance and for the price to hold...
#الذهب #GOLD #XAU #PAXG #downtrend
$XAU
$PAXG