XAUUSD – Pullback, has the downtrend really begun?
Hello traders,
As you can see, gold is currently in a corrective move, already dropping around 40 dollars, showing clear selling pressure. Traders are accepting shorts at these levels. However, to truly confirm a downtrend, we need to see how price reacts around 3530 – this will be the key level to determine whether the pullback is genuine.
On the higher timeframe, gold has rallied nearly 250 dollars (2500 pips) in just two weeks, which highlights the strong prior buying momentum. That said, today’s and tomorrow’s NFP data could force gold to give back liquidity and redistribute the market. Last month’s NFP was weak, and if this repeats, gold could still push higher – but that’s just a forecast and needs to be observed further.
Trading strategy:
Mid to long-term bias: look for selling opportunities around the 354x zone.
Short-term buys may be considered at the FVG fill zones around 3510 – 3460 – 3430, where major liquidity gaps remain from the earlier surge in buying.
For now, my outlook is to hold a medium-term short bias. Feel free to share your views in the comments so we can discuss further.
Hello traders,
As you can see, gold is currently in a corrective move, already dropping around 40 dollars, showing clear selling pressure. Traders are accepting shorts at these levels. However, to truly confirm a downtrend, we need to see how price reacts around 3530 – this will be the key level to determine whether the pullback is genuine.
On the higher timeframe, gold has rallied nearly 250 dollars (2500 pips) in just two weeks, which highlights the strong prior buying momentum. That said, today’s and tomorrow’s NFP data could force gold to give back liquidity and redistribute the market. Last month’s NFP was weak, and if this repeats, gold could still push higher – but that’s just a forecast and needs to be observed further.
Trading strategy:
Mid to long-term bias: look for selling opportunities around the 354x zone.
Short-term buys may be considered at the FVG fill zones around 3510 – 3460 – 3430, where major liquidity gaps remain from the earlier surge in buying.
For now, my outlook is to hold a medium-term short bias. Feel free to share your views in the comments so we can discuss further.
🔥 BrianLionCapital – Where Top Traders Unite
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t.me/+PNA9TDWpr_80ZGQ1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
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🔥 BrianLionCapital – Where Top Traders Unite
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.