$XAU Taking profit is an art, and today we executed it perfectly.
Selling near the local high of 4829 allowed us to capture a juicy move while the market tested resistance.
Setting a stop-loss at 4835-4840 was a justified step to protect the position. The price is currently around 4815, and our next target is the 4810-4800 zone.
If this support level holds, we will see a transition into a range-bound market, which will be an excellent point for a new buy entry. However, a break below 4800 will signal the beginning of a full-scale downward trend.
Be patient the market rewards those who can wait for their target!
XAUUSDT
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