I mentioned this scenario in my weekend analysis and yesterday, XAUUSD finally broke out of the Bullish Flag.
There's a high chance that the bullish trend may continue till 1700. So, sellers need to be careful here and wait for a confirmation
before selling.
Buyers probably should avoid buying now as it will be akin to chasing the price. The risk/reward ratio for buyers doesn't look too good at the moment.
However, anyone who already bought last week can definitely hold their trades.
There's a high chance that the bullish trend may continue till 1700. So, sellers need to be careful here and wait for a confirmation
before selling.
Buyers probably should avoid buying now as it will be akin to chasing the price. The risk/reward ratio for buyers doesn't look too good at the moment.
However, anyone who already bought last week can definitely hold their trades.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.