Burntcandle_m
@t_Burntcandle_m
What symbols does the trader recommend buying?
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On our previous analysis on Gold, we were ready to take a sell-to-buy trade meaning we would be selling into an area where we would later want to buy at. Price did push till our area of interest however it did not push enough to trigger our sell positions. However, we are happy to see that price is going into the anticipated direction.
Here at Burnt Candle we are expecting the price of XAUUSD to rise, however, we would first like to see price drop before the push upwards.As we can see as per our analysis on Gold, we did see price pushing up, however, it did not push up till our area of interest for us to take sell trades. We can, however, also see price pushing to the downside as per our analysis.
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