$XAU Last night’s nonfarm payrolls data came in scorching hot, and everyone online was shouting that it was hugely bearish. But gold only gave them a minute! It plunged to 4026, then immediately bounced back in a deep V. Anyone who chased the short is now left hanging!
Why couldn’t it keep falling? Because expectations were already fully priced in. Once the bearish news is out, the bulls strike back! The failure to make a new low shows that big money is holding the line below. The big players’ extreme shakeout this time is meant to flush out all the weak hands.
What now? Remember:
Don’t get carried away trying to buy the dip! If it can’t hold above 4080–4100, it’s still forming a base.
Bears, don’t rush to chase! The most satisfying part of the drop is already over; chasing now could get you burned.
Suzaku’s advice:
Keep a close eye on the area around 4030–4150 and trade the swings within the range. Don’t expect a one-way market in the short term.
When everyone sees the same bearish signal, it often isn’t a good opportunity. Don’t guess the direction—watch “Suzaku Fortress” #非农就业数据推升加息预期 #XAU
Why couldn’t it keep falling? Because expectations were already fully priced in. Once the bearish news is out, the bulls strike back! The failure to make a new low shows that big money is holding the line below. The big players’ extreme shakeout this time is meant to flush out all the weak hands.
What now? Remember:
Don’t get carried away trying to buy the dip! If it can’t hold above 4080–4100, it’s still forming a base.
Bears, don’t rush to chase! The most satisfying part of the drop is already over; chasing now could get you burned.
Suzaku’s advice:
Keep a close eye on the area around 4030–4150 and trade the swings within the range. Don’t expect a one-way market in the short term.
When everyone sees the same bearish signal, it often isn’t a good opportunity. Don’t guess the direction—watch “Suzaku Fortress” #非农就业数据推升加息预期 #XAU
