GOLD ALERT WITH CASHTRAINFX
Updated
Bearish Scenario:
Key Level: If XAUUSD breaks below 2558, there’s potential for a move toward 2548.
Strategy: Consider entering short positions near 2558, with stop-losses placed slightly above this level to mitigate the risk of sudden reversals.
Monitoring: Focus on macroeconomic indicators such as interest rates and inflation data to assess the likelihood of further downside momentum.
Bullish Scenario:
Key Level: A break above 2561 could signal a shift toward bullish momentum, with resistance at 2674.
Strategy: Wait for a confirmed breakout above 2561 before entering long positions. Place stop-losses below this breakout to manage downside risk in case of false moves.
The inclusion of the potential rise toward 2674 adds more room for profit-taking if a bullish breakout occurs, making your plan adaptable to both market conditions. Keep monitoring relevant economic data for confirmation of your trend bias.
Key Level: If XAUUSD breaks below 2558, there’s potential for a move toward 2548.
Strategy: Consider entering short positions near 2558, with stop-losses placed slightly above this level to mitigate the risk of sudden reversals.
Monitoring: Focus on macroeconomic indicators such as interest rates and inflation data to assess the likelihood of further downside momentum.
Bullish Scenario:
Key Level: A break above 2561 could signal a shift toward bullish momentum, with resistance at 2674.
Strategy: Wait for a confirmed breakout above 2561 before entering long positions. Place stop-losses below this breakout to manage downside risk in case of false moves.
The inclusion of the potential rise toward 2674 adds more room for profit-taking if a bullish breakout occurs, making your plan adaptable to both market conditions. Keep monitoring relevant economic data for confirmation of your trend bias.
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