The time is not just yet to buy gold!
For some reason, I believe we can see a fall from 1868-1878$ area to 1800-1810$ area.
This is not just the moment.
Although my daily setup strongly suggests to buy, I need a confident move above 1890$.
So, for now I prefer to go short on #xauusd with SL settled on 1885$. (TP 1: 1830$ / TP 2: 1810$)
Maybe, just maybe,,, a flat ABC is currently happening since the ATH. There is always open doors for bears to reunite with the 1680-1710$ area.
This is not just the moment.
Although my daily setup strongly suggests to buy, I need a confident move above 1890$.
So, for now I prefer to go short on #xauusd with SL settled on 1885$. (TP 1: 1830$ / TP 2: 1810$)
Maybe, just maybe,,, a flat ABC is currently happening since the ATH. There is always open doors for bears to reunite with the 1680-1710$ area.
Penafian
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