Never mind. Gold candlesticks just triggered a change of character (bullish to bearish) around the 4065 price point.

Hi traders,

Markets are showing signs of recovery. I have been tracking Gold, which shows a rising price. Currently, at around $4069 (at time of writing).

How high can it go? If it breaks past $4083 resistance, its targets are on $4093 and $4131 (TP).

What can you do to profit? Watch for confirmation before riding the short-term uptrend. Long or buy at specific entry prices based on your targets.

What if the market reverses? Don't open a long position if its liquidation price is not below $4020. There's strong support around this price level since there was a strong rebound around 3980 (SL)


Gold (XAU) is not on Binance. How is this intel useful? When Gold is rising, Bitcoin tends to drop (not always). So watch BTC for a potential price drop to open short positions on shorter timeframes (scalp).

$BTC
{future}(BTCUSDT)

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