Gold 11/3 Recap
Yesterday I just noted that the 3820–3900 range could form a reversal, and the market immediately delivered: a large bullish candle bounced nearly $90, with the timing spot on. Price is currently stuck below the 3975 resistance level. This level has similar significance to 4066 before—if price can't break through, this move can only be classified as a rebound, not a reversal.
My take: bullish sentiment has definitely been ignited in the short term, but the key is whether 3975 can be decisively broken. Don't rush to go long before the breakout; there's no harm in waiting for confirmation. #XAU
#Crypto
Yesterday I just noted that the 3820–3900 range could form a reversal, and the market immediately delivered: a large bullish candle bounced nearly $90, with the timing spot on. Price is currently stuck below the 3975 resistance level. This level has similar significance to 4066 before—if price can't break through, this move can only be classified as a rebound, not a reversal.
My take: bullish sentiment has definitely been ignited in the short term, but the key is whether 3975 can be decisively broken. Don't rush to go long before the breakout; there's no harm in waiting for confirmation. #XAU
#Crypto
