$XAU LONG
Did you see XAU pull back from the 4,700 peak down to the 4,351 area and panic? Don’t rush to cut losses—this is an important accumulation zone before the next rebound.
This one is currently in a technical correction phase after the pump to 4,700. The current price at 4,351.11 is slightly below MA7 (4,369.33) and MA25 (4,376.70), indicating short-term weakness. However, the key point is that price is still above the MA99 line (4,254.65)—a crucial long-term trend support level.
Volume is gradually declining during the downswings, suggesting selling pressure is running out (selling exhaustion). MM is quietly accumulating shares in the 4,300–4,350 range. If price holds this area, especially the MA99 zone (4,250), a technical rebound to retest the MA7/MA25 cluster (4,370) is entirely possible.
This is a medium-risk trade (catching the bottom at the support zone). You need patience and to wait for a confirmation signal that breaks above 4,380.
$GS
$GLM
Did you see XAU pull back from the 4,700 peak down to the 4,351 area and panic? Don’t rush to cut losses—this is an important accumulation zone before the next rebound.
This one is currently in a technical correction phase after the pump to 4,700. The current price at 4,351.11 is slightly below MA7 (4,369.33) and MA25 (4,376.70), indicating short-term weakness. However, the key point is that price is still above the MA99 line (4,254.65)—a crucial long-term trend support level.
Volume is gradually declining during the downswings, suggesting selling pressure is running out (selling exhaustion). MM is quietly accumulating shares in the 4,300–4,350 range. If price holds this area, especially the MA99 zone (4,250), a technical rebound to retest the MA7/MA25 cluster (4,370) is entirely possible.
This is a medium-risk trade (catching the bottom at the support zone). You need patience and to wait for a confirmation signal that breaks above 4,380.
$GS
$GLM