XAUUSD MARKUP WILL GOLD TAKE A SPILL? POSSIBLE SHORT

12 May 2023

hello all, quick idea for trade. we have xauusd market bouncing off the psychological support at 2000 by forming a long-tailed bar. Probably, the market will range around 2000 and then go up if the fundamental factors don't change. Price action closed above the range zone, which creates a strong support level. Price restested the range and rejected it. I expect shorttrade from the support level if price makes fake break or double bottom. My target is around resistance at the low

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12 May 2023

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