#XAUUSD waiting for an opportunity to sell down.
XAUUSD’s main trend is still bearish. However, on the H1 chart, gold is currently in a rebound phase and there are no signs that it has stopped. In the short term, gold may rise to the 4200 resistance zone before it can reverse downward.
At the moment, traders need to be patient and look for a sell-down opportunity around the 4200 price zone if bearish confirmation signals appear, SL: 4240, TP: 4000
XAUUSD’s main trend is still bearish. However, on the H1 chart, gold is currently in a rebound phase and there are no signs that it has stopped. In the short term, gold may rise to the 4200 resistance zone before it can reverse downward.
At the moment, traders need to be patient and look for a sell-down opportunity around the 4200 price zone if bearish confirmation signals appear, SL: 4240, TP: 4000