XauUsd- I'm cautiously bearish.

In my post from yesterday, I mentioned that XAUUSD might undergo a new corrective phase, potentially falling towards 2140. Indeed, after briefly testing the waters around 2170, the price dropped back to the 2150 support level and then rebounded.

As indicated in the title, my current sentiment is bearish, and I anticipate a break below 2150. However, it's crucial for traders to exercise caution when considering sell trades and maintain tight stop-loss orders, given the overall strongly bullish trend.

Kommentar:

XauUsd reversed again today from above 2170.
Is an important close for the week
If the price closes towards 2150, we have a descending triangle and high chances of a break down and a more deeper correction