𝗢𝗽𝗲𝗻 𝗯𝗶𝗴 𝗹𝗼𝗻𝗴 𝗧𝗵𝗲 𝗯𝗼𝘂𝗻𝗰𝗲 𝗶𝘀 𝗿𝗲𝗮𝗹. 𝗧𝗵𝗲 𝘁𝗿𝗲𝗻𝗱 𝗶𝘀𝗻'𝘁. $XAU $XAUT 🟡
Gold caught a bid off $4,249 yesterday, but the bigger picture is still heavy — stronger dollar, hawkish Fed, and a weekly loss over 2%. This isn't a clean bottom.
I'm watching $4,289.60 right now. If buyers can push through $4,318, the door opens toward $4,388. If not, this is just a pause before the next leg down.
Entry: $4,280 – $4,295
Stop: $4,245
TP1: $4,318
TP2: $4,388
The setup makes sense only while $4,249 holds. Lose that, and the bounce dies with it.
Risk: Dollar Index is still near 101 and 10-year yields are elevated. Gold doesn't rally hard in that environment.
Do you trust this bounce or wait for a close above $4,318?
Gold caught a bid off $4,249 yesterday, but the bigger picture is still heavy — stronger dollar, hawkish Fed, and a weekly loss over 2%. This isn't a clean bottom.
I'm watching $4,289.60 right now. If buyers can push through $4,318, the door opens toward $4,388. If not, this is just a pause before the next leg down.
Entry: $4,280 – $4,295
Stop: $4,245
TP1: $4,318
TP2: $4,388
The setup makes sense only while $4,249 holds. Lose that, and the bounce dies with it.
Risk: Dollar Index is still near 101 and 10-year yields are elevated. Gold doesn't rally hard in that environment.
Do you trust this bounce or wait for a close above $4,318?
