$XAU big short now, and went to Dubai with James afterwards.
entry 4035-4098
short $XAU ๐
$XAU is struggling at the $4,080 resistance.
Gold is consolidating between $4,030โ$4,080 after breaking out of the previous $3,980โ$4,030 range.
Short-term structure still leans bullish. Price is grinding higher, step by step. Slow, but holding up pretty well.
The problem is that $4,080 is a tough resistance to clear. Buyers need to prove they have enough strength to push through.
A clean break above $4,080 could open the door for another leg higher.
Lose $4,030, and the short-term bullish structure starts to weaken.
Letโs see which side wins this range. ๐
entry 4035-4098
short $XAU ๐
$XAU is struggling at the $4,080 resistance.
Gold is consolidating between $4,030โ$4,080 after breaking out of the previous $3,980โ$4,030 range.
Short-term structure still leans bullish. Price is grinding higher, step by step. Slow, but holding up pretty well.
The problem is that $4,080 is a tough resistance to clear. Buyers need to prove they have enough strength to push through.
A clean break above $4,080 could open the door for another leg higher.
Lose $4,030, and the short-term bullish structure starts to weaken.
Letโs see which side wins this range. ๐
