XAUUSD | M15 Update
Gold failed to extend the previous recovery scenario and is currently trading around 3,893.
M15 RSI is near 43.9, while the broader multi-timeframe structure is leaning bearish.
With momentum no longer supporting the original setup, protecting capital becomes more important than forcing a position into the weekend.
A cleaner structure may provide better information next week.
For market analysis and educational purposes only.
Gold failed to extend the previous recovery scenario and is currently trading around 3,893.
M15 RSI is near 43.9, while the broader multi-timeframe structure is leaning bearish.
With momentum no longer supporting the original setup, protecting capital becomes more important than forcing a position into the weekend.
A cleaner structure may provide better information next week.
For market analysis and educational purposes only.
