FX.co ★ XAU/USD, GOLD

As of today, the following is observed on the xauusd currency pair: there is a predominance of buying interest in the order book. I believe that this pair has the potential for a downward movement. Confirmation of this is the accumulation of buyers at the level of 5005.00. As a trading idea, I am considering the possibility of selling the pair from this level with the goal of taking profit at 4993.00. A stop-loss can be set above the level of 5013.00. If the price consolidates above 5013.00, we will consider alternative scenarios.