XAUUSD, Break Above Highs Or Rebound?

2024年8月16日

Gold largely has become unpinned with its traditional sentiment drivers.

This creates inherent danger, and makes the case for rebounds off highs somewhat questionable.

Nonetheless, there is a risk averse bias that can be taken, reflective of price movements. Here's some levels and strategy to note.

2024年8月16日

註釋

MM stop as expected. Remaining short.

2024年8月18日

註釋

New highs achieved.

Remember Gold Sentiment is unpinned. We are rallying in 'Risk On'.

If you are short selling you are in no mans land (technically, and sentiment wise).