Gold after reflection


XAUUSD

After a fairly strong downward correction, the first rebound is visible. The same is true for silver, which should come as no surprise. Unfortunately, I did not give the place of entry yesterday because it is difficult to operate several platforms at the same time and trade at the same time. On the Reddit forum I showed the place and the signal to go into gold, literally 30 minutes before the action; https://www.reddit.com/r/Forex/comments/o1sbv8/xauusd/

Looking at gold, we can expect further upward movement, but I also take into account a possible price pullback which will be aimed at clearing investors of "SL" hedging orders. Then the dotted line will be my place to look for a place for a long position again. In the absence of a signal, I will wait for the situation to develop.

XAUUSD H4

How do you rate this article?

5


Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.