Hello. Below are several Forex trading recommendations for 18.05.2026
XAUUSD
Gold resumed its decline from the 50% level of the latest downward impulse and moved down toward the 4500.00 area. I am not rushing into new trades yet. Price has approached the lows of the last couple of weeks, and the reaction to them is interesting. There is also an opinion that the downward move is corrective and that the main move ahead is still upward. But that is not certain yet. So we are waiting for a move below 4500.00, and if it is a strong impulse, I will consider selling here, targeting new lows around 4000.00. If price quickly returns above 4500.00, I will start looking for buying opportunities.
Best regards, Artem aka TeaDrinker
Gold resumed its decline from the 50% level of the latest downward impulse and moved down toward 4500.00. Price reaction near recent lows is important.
