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Skiploss
About me Fear is the mind killer,
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Markets Allocation
25 % forex 75 % other
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XAUUSD 58% | 7 US500 8% | 1 EURUSD 8% | 1 SOLUSD 8% | 1
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It looks like a bearish flag on gold.
XAUUSD
, 60Short
XAUUSD: It looks like a bearish flag on gold.

This week's gold price is still moving in a narrow range and looks like a flag pattern. And if the prices break the trend line pattern, there is a target that could reach the price of 1828. The current price is acceptable in a bearish trade. It's not too risky. And may take profit when the price hits the lower band.

Watch out for the drop in gold prices.
XAUUSD
, 30
XAUUSD: Watch out for the drop in gold prices.

The price begins to climb below the trendline, and at 21:00 UTC on February 1, 2023, there may be a rate hike by the Fed. Therefore, you should reduce your buying position and start selling instead. These data are only rough estimates that must be analyzed according to the situation. But if the price stays above the range this week, it may continue to go sideways...

Get ready to open long position.
EURUSD
, 30Long
EURUSD: Get ready to open long position.

The price runs within the channel frame clearly. Looks like it's going up. If the price cannot break the trend line.

Get ready to open short position.
XAUUSD
, 480Short
XAUUSD: Get ready to open short position.
Updated 

On Timeframe 8h, there are signs of reversal pattern and support with triple divergence.

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