$XAU Gold’s this round of pullback cycle—fundamentally it’s not a crash; it’s because US Treasury real yields are rising
Last night oil prices got smashed, and the market started betting on US-Iran talks. October rate hike odds: 70% → 50%
4120 holds initially—good for the rebound
Whether it can turn around depends on one thing: will it break through 4320?
If it can’t stand above 4320, the market will still show weakness
Tonight’s PCE and Friday’s non-farm payrolls are the key switches for a breakout
4120–3950 has been a consolidation for more than 40 days—long-term long positions can be placed around this zone
Do you think it will first go to 3950, or should it go straight for 4320?
Last night oil prices got smashed, and the market started betting on US-Iran talks. October rate hike odds: 70% → 50%
4120 holds initially—good for the rebound
Whether it can turn around depends on one thing: will it break through 4320?
If it can’t stand above 4320, the market will still show weakness
Tonight’s PCE and Friday’s non-farm payrolls are the key switches for a breakout
4120–3950 has been a consolidation for more than 40 days—long-term long positions can be placed around this zone
Do you think it will first go to 3950, or should it go straight for 4320?
