Xauusd
🤝💯IF YOU WANT TO MAKE MONEY IN GOLD TODAY… READ THIS BEFORE IT’S TOO LATE...
Gold moved strongly bullish yesterday, mainly because many retail traders were selling and their stop losses above got triggered (liquidity sweep).
Today, the market first swept last week’s high and reversed, trapping overnight sellers. Then during the Asian session, gold dropped sharply, attracting more sellers. The analyst believes these sellers will also get trapped later.
Key idea:
The market may stay choppy between $4700–$4730, trapping both buyers and sellers before making a bigger bullish move.
Expected scenario:
* Small bounce first to attract buyers
* Possible rejection from $4730–$4741
* Buyers lose confidence and sellers become aggressive
* Then later, gold may reverse bullish again from lower support zones
Preferred buy zones:
* $4693
* $4683
* $4676
Confirmation:
Wait for bullish confirmation on the 15M–30M timeframe before buying.
Targets:
* $4720
* $4740
* $4760
* $4780
No-trade zone:
* $4700–$4730 due to choppy/confusing movement
Safer bullish confirmation:
If a strong 15M candle closes above $4729, buying opportunities become safer for higher targets.
Overall view:
The analyst remains bullish later in the day but expects the market to first trap both buyers and sellers before moving upward.
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