đ $XAU â Gold Is Getting Interesting Again
Gold just had a strong week.
Around $4,254 now, up roughly 5% this week â but the important part isn't the move we've already seen.
It's what happens next.
$4,280 is the level I'm watching.
If buyers break and hold above it, $4,303 comes into play, with $4,367 as the next bigger target.
But here's the catch...
US jobs data is coming, and that can completely change the picture.
Weak numbers â lower yields â potentially more pressure on the dollar â bullish for gold.
Strong numbers â profit-taking becomes a real risk.
I'm not chasing the move here.
I want to see how price reacts around $4,280.
Gold is back on my watchlist.
What do you think?
đą More upside
đŽ Pullback first
#XAU #Gold #Trading #Markets #BinanceSquare
Gold just had a strong week.
Around $4,254 now, up roughly 5% this week â but the important part isn't the move we've already seen.
It's what happens next.
$4,280 is the level I'm watching.
If buyers break and hold above it, $4,303 comes into play, with $4,367 as the next bigger target.
But here's the catch...
US jobs data is coming, and that can completely change the picture.
Weak numbers â lower yields â potentially more pressure on the dollar â bullish for gold.
Strong numbers â profit-taking becomes a real risk.
I'm not chasing the move here.
I want to see how price reacts around $4,280.
Gold is back on my watchlist.
What do you think?
đą More upside
đŽ Pullback first
#XAU #Gold #Trading #Markets #BinanceSquare