đš The bounce looks tempting... but I'm watching the trap, not the candle.
đȘGold ($XAU ) is still respecting a bearish market structure with multiple BOS signals and lower highs. The current rebound is approaching a key supply zone, where sellers could step back in.
đčI'm not interested in catching a falling knife.
đčIf price rejects this resistance with confirmation, the next leg lower toward the major demand zone becomes a scenario worth watching. But if buyers reclaim the level and hold it, the bearish idea loses strength.
đčPatience often pays more than prediction.
Do you think this is just a relief bounce, or the start of a trend reversal?
Risk Management First.
#XAU #Gold #priceaction #trading #BinanceSquare
đȘGold ($XAU ) is still respecting a bearish market structure with multiple BOS signals and lower highs. The current rebound is approaching a key supply zone, where sellers could step back in.
đčI'm not interested in catching a falling knife.
đčIf price rejects this resistance with confirmation, the next leg lower toward the major demand zone becomes a scenario worth watching. But if buyers reclaim the level and hold it, the bearish idea loses strength.
đčPatience often pays more than prediction.
Do you think this is just a relief bounce, or the start of a trend reversal?
Risk Management First.
#XAU #Gold #priceaction #trading #BinanceSquare