Looking at this chart, Gold (XAUUSD) is still in bullish trend, and While attention is currently focused on new risks such as potential US tariffs, recession fears in the US economy, the Ukrainian-Russian war..It's an M5 bullish area that was used as a bearish one.This is a bullish zone of M5 that has been used previously as a bearish zone. As a zone of polarity shifting, any absence or lack of strength of sellers at this level could send gold prices to the upside. So i'll wait for others bullish confirmation before buy gold if not, i'll stay away and looking for other bullish position like there is Another probable buying area in H8 Tf. So let's work with great precision to spot the next area of massive buying of market markers. Good trade.
What's is your opinion about this market 🤔 ?
What's is your opinion about this market 🤔 ?
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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.