thechampionstraders

Potential Gold Selling Opportunity :)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello fellow traders
My main view on Gold is bearish for 30.80.2023 the main reason behind this is that the market hit a very strong higher time frame Resistenet on 1950 level & if we read the slow-down in price is the recent Demand in that showing to be that there can be a down move
Another reason is that for the last 3 days, the Players in the market have been buying gold & The weekend is coming ahead they will do some profit booking as well which will increase the short-term production of supply!

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