Gold has broken through 4,064/4,053 in succession; now at 4,048. Below, the 4,030 daily 20-period moving average and the 4,020 round-number level offer double support. Don’t chase shorts; wait for a rebound. $XAU
Conservative: Short on a rebound if 4,064 holds as resistance; stop at 4,090, target 4,031
Aggressive: Short on a break below 4,046; stop at 4,068, target 4,020
Invalidation: A close above 4,064 invalidates the short; look to 4,100
Conservative: Short on a rebound if 4,064 holds as resistance; stop at 4,090, target 4,031
Aggressive: Short on a break below 4,046; stop at 4,068, target 4,020
Invalidation: A close above 4,064 invalidates the short; look to 4,100