Gold is now trying to pretend everything is fine 😂
But I still don’t believe it.
$XAU bounced off $4,341, then made a local high above $4,450, but couldn’t continue the move.
Right now, the price is just digesting the drop.
For me, the key level is $4,425.
As long as there’s no confident 1H consolidation above it, I’d keep looking for sells.
My scenario:
Sell $4,418–$4,421
TP: $4,400 / $4,395 / $4,390
SL: above $4,432
If $4,360 doesn’t hold—hello, $4,310–4,305 👋
But if the bulls suddenly, on the news, manage to take $4,425–$4,430 with a strong candle and volume, I’ll be the first to say: “Alright girls, we’re changing the plan” 😂
Then I’ll look at $4,473–$4,500.
For now, the sellers matter more to me.
But I still don’t believe it.
$XAU bounced off $4,341, then made a local high above $4,450, but couldn’t continue the move.
Right now, the price is just digesting the drop.
For me, the key level is $4,425.
As long as there’s no confident 1H consolidation above it, I’d keep looking for sells.
My scenario:
Sell $4,418–$4,421
TP: $4,400 / $4,395 / $4,390
SL: above $4,432
If $4,360 doesn’t hold—hello, $4,310–4,305 👋
But if the bulls suddenly, on the news, manage to take $4,425–$4,430 with a strong candle and volume, I’ll be the first to say: “Alright girls, we’re changing the plan” 😂
Then I’ll look at $4,473–$4,500.
For now, the sellers matter more to me.
