Good day everyone. XAU has challenged the 1270 level during the European Session supported by the short term move on the 10 Yr Note. Breaking, holding and closing the day below 1270 is necessary to confirm the continuation of the bearish trend. Even though DXY and EUR/USD are not supportive at the moment, seasonal selling and data release for this week may put some pressure on the market.
Disclosure: I keep the short position opened @1276 however I would advise short term traders to book profit whenever they feel comfortable with it (in terms of % profit). Medium term traders could lower their SL to a break even point if 1270 was broken during the NY session.
Disclosure: I keep the short position opened @1276 however I would advise short term traders to book profit whenever they feel comfortable with it (in terms of % profit). Medium term traders could lower their SL to a break even point if 1270 was broken during the NY session.
i'm not trading gold now, i trade nikkei, got more profit than trading gold
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