$XAU big long with me now, love me after FOMC news
entry 4065-4020
Long $XAU đ
$XAU Breakout above $4,030. Is gold finally turning bullish?
Gold broke above $4,030 on the H1 and is now consolidating around $4,060, just below near-term resistance.
Momentum is improving. MAs and RSI are pointing higher, but RSI is already overbought, so a short-term pullback or more sideways action wouldnât be surprising.
The thing is, we still donât have enough confirmation of a new bullish structure yet.
$4,065 is the level to watch. A clean break above it, followed by higher highs and higher lows, would make the bullish case much stronger.
And if $4,030 holds on a retest, even better.
For now, momentum looks good, but I want to see price confirm the structure before getting too bullish.
entry 4065-4020
Long $XAU đ
$XAU Breakout above $4,030. Is gold finally turning bullish?
Gold broke above $4,030 on the H1 and is now consolidating around $4,060, just below near-term resistance.
Momentum is improving. MAs and RSI are pointing higher, but RSI is already overbought, so a short-term pullback or more sideways action wouldnât be surprising.
The thing is, we still donât have enough confirmation of a new bullish structure yet.
$4,065 is the level to watch. A clean break above it, followed by higher highs and higher lows, would make the bullish case much stronger.
And if $4,030 holds on a retest, even better.
For now, momentum looks good, but I want to see price confirm the structure before getting too bullish.
