Domain_EXFX
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Domain_EXFX
Gold prices soar around 1.86% in a day after gaining attraction from investors amid the risk of geopolitical issues. The economic slowdown and US debt concern also can catalyze gold prices to keep climbing to test the all-time high price.
Domain_EXFX
After a week of a downtrend, gold now is on the verge of breaking another support near the 2020 price area, there is a lot of opportunity for the short traders to make a massive profit from the bearish trend. However, these are one of the following criteria that short traders need to wait for before making a decision : 1. Gold needs to break below the 2020 price at least or make a bearish candle formation below the support to convince the short position and less risk. 2. A failure to break below the price will only make the pair test the resistance area of 2025-2027 and a solid bullish formation can send the pair flying towards 2037.Disclaimer: Please follow at your own risk, and make sure you are following your own SOP before entering the forex market.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.