Everyone is staring at $BTC today and gold just quietly took back 4000.
$XAUT got smashed on Oct 30, all the way down to 3875. Sat there flat for days. Now it's 4033 and the 4h closed over both EMAs for the first time since mid October, on decent volume too.
Not chasing it here though. 4060 to 4076 is where the Oct 28 bounce died, thats the real test.
If it holds above 4000 on a pullback I like it more. A 4h close back under 3980 and this push was just a relief pop.
$XAUT got smashed on Oct 30, all the way down to 3875. Sat there flat for days. Now it's 4033 and the 4h closed over both EMAs for the first time since mid October, on decent volume too.
Not chasing it here though. 4060 to 4076 is where the Oct 28 bounce died, thats the real test.
If it holds above 4000 on a pullback I like it more. A 4h close back under 3980 and this push was just a relief pop.
