XAUUSD price may fall back as the market stabilizes

After the price tested the $1790-1795 resistance level, the bulls seem to have given up the fight and are unable to push the price up to test the second resistance. So you can see that the price is gradually falling and my view is changing from cautiously bearish to strongly bearish. If you have the same idea as me, you need to pay attention to the stop-loss level and set it far from the current price while managing the risk wisely.

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Focus on resistance lines and red resistance zones

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XAUUSD Trading Plan

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Trade stängt: målet nått:

Swing trading, shorting has taken profits.