Understanding market cycles is key in financial trading, as showcased by our recent sell call on #XAUUSD.
After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum.
This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's upper limits.
Stay informed, as comprehension of such cycles can lead to strategic market decisions.
After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum.
This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's upper limits.
Stay informed, as comprehension of such cycles can lead to strategic market decisions.
Commentaire:
Those zones worked well and still working...
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