🟡 GOLD MONDAY CHECK: SPIKE FADED, NO TRADE
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📊 Binance XAUUSDT perp, 4H, last closed bar 07:00-11:00 Riyadh (Nov 9): close 4093.76. Live ~4104 at 12:07, +0.8% in 24h, range 4045.11-4140.81.
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⚡ What happened: a pre-open dip to 4045.11, then the 03:00 bar ripped to 4140.81 and closed 4121.93 above the 4115 breakout line. The next bar gave it back and closed 4093.76.
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📐 Structure: price holds above EMA20 4074, EMA50 4046 and EMA200 4082, so the bias leans up, but the breakout failed to hold. Nov 5 high 4152.37 caps the upside, Nov 6 low 4026.02 is the floor.
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🚫 Why no setup: a long above 4140.81 has the 4152 ceiling right overhead, so TP1 fails 1.5R. A short needs a 4H close back below 4045 first.
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🥈 Silver XAGUSDT: 52.68 live, still below 4H EMA200 54.86.
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👀 Watching: 4H close above 4152 or below 4045.
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Not financial advice. DYOR.
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$PAXG #Gold #TradFi #XAUUSDT #BinanceSquare