$Gold sitting at triple resistance — can't push through yet. If it clears that zone I'll flip bullish, but right now the setup leans lower.
Next support is $3900, which could line up with the mid line of the macro parallel channel. That's where I'd look for a solid bounce if we drop.
Closed my long this morning for a small win — looks like downside is more likely. I'll re-enter lower if we get that support tap.
Not shorting though. Risk-reward isn't there. No point forcing a trade when the setup doesn't pay.
Waiting for the better entry.
Next support is $3900, which could line up with the mid line of the macro parallel channel. That's where I'd look for a solid bounce if we drop.
Closed my long this morning for a small win — looks like downside is more likely. I'll re-enter lower if we get that support tap.
Not shorting though. Risk-reward isn't there. No point forcing a trade when the setup doesn't pay.
Waiting for the better entry.