Short in GOLD

27 ก.พ.

"I have initiated a short position on XAUUSD as the price has reached a significant supply zone, suggesting a potential price decline. This strategic decision is supported by technical analysis indicating a strong resistance level at this key zone. I will closely monitor price dynamics and market developments to capitalize on this trading opportunity. It is essential to implement effective risk management practices and adhere to a disciplined trading approach to maximize profit potential and safeguard capital in this trade. Additionally, I will consider macroeconomic factors, central bank policies, and geopolitical events that could impact the price of gold and the US dollar to make informed trading decisions."