Long to your short entry
Boomer gold is still bearish, but shorting here has low R/R
This is a mean reversion trade
For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.
As always,
Not a financial advice.
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PAXGUSD
XAUTUSD
This is a mean reversion trade
- High volume profile node
- D1 RSI oversold - potential mean reversion
- Price is far from D1 kijun - potential mean reversion
- Dumped harder than the other precious metals
- Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery
For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.
As always,
Not a financial advice.
BTCUSDXAUUSDPAXGUSDXAUTUSD
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