$XAU | Gold update
The 3,886 sweep played out: 3,879 low on Oct 30, then a run to 4,157.
Now I'm back on the sidelines.
DXY is breaking out after CPI, and the market is leaning toward more rate hikes. Gold looks heavy here.
Fine for scalps. Not a swing long yet.
My level: 3,900. If price offers it, I'm looking to get long again. Until then, no direction, no position.
Are you trading gold here or waiting too?
The 3,886 sweep played out: 3,879 low on Oct 30, then a run to 4,157.
Now I'm back on the sidelines.
DXY is breaking out after CPI, and the market is leaning toward more rate hikes. Gold looks heavy here.
Fine for scalps. Not a swing long yet.
My level: 3,900. If price offers it, I'm looking to get long again. Until then, no direction, no position.
Are you trading gold here or waiting too?
