FX:XAUUSD   Gold Spot / U.S. Dollar
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As anticipated, we are now back to the potential sell zone.

We will only sell if the current fundamentals driving the buying of Gold wanes. Else, we monitor price action and manage our risks accordingly.
My bias is short for now until price pushes through to the up side.
Comment: We are now back in sell zone. if price breaks above 1980, then the sell idea becomes invalid. Let's see how it plays out.
Comment: The price action is following our idea at the moment. Let monitor it until we cross 1943.xx
Comment: Unfortunately, the fundamentals were stronger than our technicals on this idea.
We will move onto the next opportunity.
Trade closed: stop reached

Comments

next resistance?
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MountDaba pavelmitkov07
@pavelmitkov07, As mentioned in the ideas, the fundamentals at play are too strong at the moment. Althought the current resistance is still holding, but as dollar is weak beyond anyones' s expectations, I will be cautious any further sells for now.
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Doubt it’s gonna follow this gonna shoot up futhur
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So far so good
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