See which direction the Xau/USD market is more likely to go
65.48% Long vs 34.52% Short
I mean still most people are stuck in Long. And the market usually goes against majority.
So chances of another downturn in the Short-Term look more like 4,120 - 4,108 Tests. Because: Strong Rejection has come from 4,155 All red today, in 7 days, in 30 days - means the Trend is weak 4,108 Low has not yet fully held it, that could be a test again
But it's GOLD! Gold is now at 4,100+ meaning near All Time High. There will be a lot of volatility here. $50 will fluctuate in 1 minute.
Like me: Don't take Long right now. If you have to take it, you can see the Short at a smaller Lot with Stop Loss below 4,110, and if taking Long come close to 4,105 - 4,108 and check out the Green Candle.#XAUUSD $XAUT
65.48% Long vs 34.52% Short
I mean still most people are stuck in Long. And the market usually goes against majority.
So chances of another downturn in the Short-Term look more like 4,120 - 4,108 Tests. Because: Strong Rejection has come from 4,155 All red today, in 7 days, in 30 days - means the Trend is weak 4,108 Low has not yet fully held it, that could be a test again
But it's GOLD! Gold is now at 4,100+ meaning near All Time High. There will be a lot of volatility here. $50 will fluctuate in 1 minute.
Like me: Don't take Long right now. If you have to take it, you can see the Short at a smaller Lot with Stop Loss below 4,110, and if taking Long come close to 4,105 - 4,108 and check out the Green Candle.#XAUUSD $XAUT
