FX.co ★ king.zelda | XAU/USD, GOLD

Currently, the XAU/USD currency pair shows a situation where buyers prevail in the order book. Overall, I believe that this currency pair has good potential for a downward movement. This is confirmed by the accumulation of buyers at the level of 3150.00. As a trading strategy, I am considering the possibility of selling the pair from the level of 3150.00, with the first target for profit taking at the level of 3139.00. A stop-loss can be set above the level of 3157.00. If the price consolidates above 3157.00, we will consider alternative scenarios.