Gold Sell

4 Eyl 2023

"On Monday, September 4th, I decided to initiate a trade position in the gold market. This decision was primarily influenced by the presence of a Bearish Engulfing pattern, which is a technical candlestick pattern signaling a potential downward movement in the price of gold. This pattern, characterized by a larger bearish candle completely engulfing the preceding bullish one, indicated a shift in market sentiment toward selling pressure. As a result, I took the opportunity to enter a trade with the expectation that the price of gold would decline in the near future."