- According to the most brokers’ data, more than half of the traders are currently in long positions on XAUUSD. As a result, we recommend considering only Short trades at this time.
- There is an increase in Sell Orders when the price attempts to move down. We expect an upward movement to eliminate the accumulated sellers. We recommend to set Sell Limit at 3995.
- Price broke through the MVP line and rushed down. We consider this a sign for further XAUUSD price decrease.
- Set Take profit at the local price minimum.
Chart & Analyst Comments
