- According to the most brokers’ data, more than half of the traders are currently in short positions on XAUUSD. As a result, we recommend considering only Long trades at this time.
- Price broke through the MVP line and rushed up. We consider this a sign for further XAUUSD price increase.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Set Take Profit at the local high, beyond which there is a cluster of orders.
Chart & Analyst Comments
