RE: Gold upside potential (XAU/USD)

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Gold upside potential (XAU/USD)

in trading •  6 years ago 

what means red cross?

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Buy orders from other traders. Either stop losses on short positions or new buy orders from breakout traders. Hope that helps.

Short squeeze would be if a swing low is broken. This is where new sellers are gonna come in. I don't consider any swing lows to be taken out at the moment, so no short squeeze expected.