Friends, this daily gold chart is breaking my heart a little 😭!
What’s going on now?
Looking at the moving averages on the chart, they’re all looming overhead (MA25 at 4211, MA99 at 4268). It’s like having three huge mountains in the way, making a short-term comeback really difficult.
Key levels to remember:
Resistance above: 4200–4210. A push through on strong volume could make a difference.
Support below: 4000–4050. This was a rock-solid floor before; if it breaks, things could get really ugly.
A little advice from me:
Don’t rush to buy the dip right now. Until the downtrend stops, trying to catch a falling knife can easily get you hurt.
$XAU
What’s going on now?
Looking at the moving averages on the chart, they’re all looming overhead (MA25 at 4211, MA99 at 4268). It’s like having three huge mountains in the way, making a short-term comeback really difficult.
Key levels to remember:
Resistance above: 4200–4210. A push through on strong volume could make a difference.
Support below: 4000–4050. This was a rock-solid floor before; if it breaks, things could get really ugly.
A little advice from me:
Don’t rush to buy the dip right now. Until the downtrend stops, trying to catch a falling knife can easily get you hurt.
$XAU