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Mar 19, 2025

Trade ideas

XAUUSD: Start of a small correction?

XAUUSD, H2

XAUUSDH2.png

On the H2, XAUUSD updated the all-time high but bounced off resistance and is testing the trendline. Parabolic SAR indicates the beginning of a decline, RSI and DeMarker also came out of the overbought zone.

  • We consider selling XAUUSD only when the trend line is broken and consolidation below 3025 with a target of 3000;

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.

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Egor Schmidt

Author: Egor Schmidt

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