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Aug 28, 2024
Trade ideas
XAUUSD, H1
In the H1 time frame, the XAUUSD broke below the trendline and faced the 2505 support level. The RSI crosses the 50-line below and shows a bearish divergence with the asset, giving a potential bearish sentiment.
The UsDollar shows signs of a correction, putting an additional pressure on gold.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
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