I am looking for selling gold as I believe the risk asset that going up will start pushing money out from gold very soon.
In term of technical I saw the sell of in XAUUSD this morning then rebound. I think it is possible to start the new sideway down trend from here.
Short with careful position sizing as the spread right now is bery volatile.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now