đ¨ GOLD BOUNCES â BUT THE BEARS ARE NOT FINISHED YET
Gold has recovered after a heavy sell-off, but one green move does not automatically mean a new bullish trend.
Spot gold was reported near $3,898 on Friday.
Here is the conditional map:
đť Below $3,852: downside risk could reopen toward $3,823.
đ˘ Above $3,903: buyers may attempt a stronger recovery.
â ď¸ A move above $3,934 would further weaken the immediate bearish setup.
My focus is on the reaction at resistanceânot guessing the next candle.
Watch the US dollar, Treasury yields and inflation expectations.
Is this a genuine recovery or only a relief bounce?$XAUT
#Gold #XAUUSD #GoldTrading #MarketAnalysis
Gold has recovered after a heavy sell-off, but one green move does not automatically mean a new bullish trend.
Spot gold was reported near $3,898 on Friday.
Here is the conditional map:
đť Below $3,852: downside risk could reopen toward $3,823.
đ˘ Above $3,903: buyers may attempt a stronger recovery.
â ď¸ A move above $3,934 would further weaken the immediate bearish setup.
My focus is on the reaction at resistanceânot guessing the next candle.
Watch the US dollar, Treasury yields and inflation expectations.
Is this a genuine recovery or only a relief bounce?$XAUT
#Gold #XAUUSD #GoldTrading #MarketAnalysis
