Bearish Gold Getting Ready for a $1900 RETEST

8 Oca 2021

In this technical analysis I share my current views on XAU/USD (Gold) with half a day left before the market closes. I tried to make the chart as self explanatory as possible, but feel free to reach out or drop a comment if you have any questions.

This chart follows the same logic as my previous idea, which played out very well. I pride myself with having given the advice to NOT take the call and enter, as in real life you can't always take all of the trades. Make sure you wait for the right opportunity.

-Trading-Guru

8 Oca 2021

Not

Glad nobody went in for the long position with this idea! Sometimes it's really better to wait.

Now I think that wait is over though, and we should be getting ready for a long position. This is what I am thinking: