GOLD:Riding the Bearish Wave on XAU/USD

2023년 6월 6일

The price of GOLD appears to have entered a bearish channel, exhibiting a downward trend. In the recent hours, there was a pullback observed around the 61.8% Fibonacci retracement level from the previous swing. Based on this development, our trading idea is to capitalize on the ongoing bearish momentum and consider taking a bearish position on GOLD with a target set at 1940.00. By leveraging the current market conditions and technical analysis, we aim to exploit the downward movement and potentially profit from this anticipated price decline.

2023년 6월 7일

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