Gold Spot / U.S. Dollar
Short
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GOLD(XAUUSD): Have We Reached Selling Exhaustion? Or 4350 Next?

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Dear Traders,

Gold reversed after touching $4509. It made a nice recovery with almost 1400+ pips in a single day. Since then, the price has touched the 4650 region, which remains a key level where we saw strong resistance. It’s been dropping ever since it touched the zone. Looking ahead, we could see the price dropping to $4500 first. If that support breaks, it could then drop hard towards $4350. Please use strong risk management while trading gold, as it’s been volatile recently.

Good luck and trade safely. We hope you’re all having a great and profitable week so far.

The Setupsfx_ Team
Trade ist aktiv
723+ pips from our selling entry and moving nicely. Please consider closing 50% positions.

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