- XAUUSD has a bearish structure. If any H1 candle closes above the 1916 level, the buying side will control the market, and we can consider going long.
- In case the price remains below this level, the price is expected to continue declining.
- We should wait for a pullback to enter a trade, specifically around the 1928 and 1934 levels. Look for a selling opportunity at these levels.
- In case the price remains below this level, the price is expected to continue declining.
- We should wait for a pullback to enter a trade, specifically around the 1928 and 1934 levels. Look for a selling opportunity at these levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.