Gold: Short selling

1 Mar 2023

Observing the 1-hour chart of gold, MACD indicator has shown a clear divergence.


The increase has reached as high as 40 US dollars from yesterday to today, so a short-term pullback is necessary.


Therefore, short-term trading will be bearish dominant, supplemented by bullish, until the correction is completed. From a long-term perspective, it is expected to rise until it reaches 1860 US dollars.

If you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!

XAUUSD

2 Mar 2023

İşlem aktif

The profit-taking at 1832 has been reached