In my post from yesterday, I mentioned that 
XAUUSD had broken below support. I advised that any rallies back to that zone should be considered for selling.
Following my own advice, I executed the sell, and despite an initial drop, the market reversed, resulting in my trade currently being at a loss.
Setting aside my specific trade situation, let's objectively analyze the market. We observed an initial break below support followed by a reversal back above. This pattern may suggest a false break of support, a hypothesis that would be confirmed if the price rises beyond 2035 and approaches 2040.
In such a scenario, the medium-term bullish trend would remain intact, and we could view the $2,000 level as a robust support. On the contrary, if there is a subsequent break below 2015, it would validate my initial perspective, exerting downward pressure on the $2,000 level once again and potentially exposing 198
For now, I wait and see, knowing that losing trades are part of this business.
XAUUSD had broken below support. I advised that any rallies back to that zone should be considered for selling. Following my own advice, I executed the sell, and despite an initial drop, the market reversed, resulting in my trade currently being at a loss.
Setting aside my specific trade situation, let's objectively analyze the market. We observed an initial break below support followed by a reversal back above. This pattern may suggest a false break of support, a hypothesis that would be confirmed if the price rises beyond 2035 and approaches 2040.
In such a scenario, the medium-term bullish trend would remain intact, and we could view the $2,000 level as a robust support. On the contrary, if there is a subsequent break below 2015, it would validate my initial perspective, exerting downward pressure on the $2,000 level once again and potentially exposing 198
For now, I wait and see, knowing that losing trades are part of this business.
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.