XAUUSD Good day ! After the early break of 3850 Asian session , gold quickly pulled back with rejection, and the Ma are now getting squeezed. As of writing, price is hovering around 3860. Unless this zone breaks again, gold has No potential to push higher; a clean break would open the door for a direct move into higher levels.
With the weekly close due today, expect whipsaws before Wall Street settles the direction. Volatility remains elevated, and dips continue to attract strong buybacks in line with the trend. For intraday traders, I’ll suggest to look for short only if 3850 gives way again or , ride with the bulls for the rest of the day once price breaks above 3860. Trade safe.
GOLD i wanna bet for short side with minor stop loss of 11 points, i am expecting if this stop loss did not get triggered then higher probability we can see gold towards 2830 levels, follow strict stop loss
XAUUSD Good morning Guys ! Despite yesterday’s heavy rejection, gold still hasn’t managed to break past its resistance. Today we’re going to see an aggressive move once price decides the direction. At the moment, bias leans bearish for day trade with potential to drop toward the 3820 zone. Only a break above 3860 can open the way higher. Will brief later trade safe!