#BTC The short position has now been closed.
The weekend is almost here, so I don’t recommend rushing into a position now.
Let the market play out a bit before deciding.
This move is just a short-covering rebound; the overall trend is still bearish.
Contract data shows that longs haven’t entered the market; it’s just shorts closing their positions to take profits.
#XAU Gold is consolidating near the bottom. You can continue adding around 4100. If it breaks above the daily trendline, add to your position and target 4600.
The weekend is almost here, so I don’t recommend rushing into a position now.
Let the market play out a bit before deciding.
This move is just a short-covering rebound; the overall trend is still bearish.
Contract data shows that longs haven’t entered the market; it’s just shorts closing their positions to take profits.
#XAU Gold is consolidating near the bottom. You can continue adding around 4100. If it breaks above the daily trendline, add to your position and target 4600.