XAUUSD Trend Analysis

2023年8月6日

As we see the XAU chart:

I draw 1D and 4H trend lines that both are bearish, in this situation we can take short positions with low risk in proper reversal zones, the first red rectangle near the price is good area to take short position(Lower risk)
and also we have a green rectangle that was touched once by price and it may push the price up if it touches again(Higher risk)

Thanks for your consideration.