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$XAU/USD (XAUUSD.CFD)$ Where are the short sellers
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, this is just a pullback
$XAU/USD (XAUUSD.CFD)$ Waiting for a breakout above 4550 to add short positions; it will most likely stall at the resistance zone between 4550 and 4560. The only concern is whether the Asian session might again push prices to extreme highs.
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$XAU/USD (XAUUSD.CFD)$ Sold after a rally
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$XAU/USD (XAUUSD.CFD)$ Later, there will be a retest of the 4500 level. The four-hour chart shows a bearish RSI, with MACD below the zero line and the lower Bollinger Band continuing to widen. The one-hour chart also indicates a bearish RSI, with MACD pulling back close to the zero line. The narrowing of the upper and lower Bollinger Bands suggests an upcoming breakout. Based on the four-hour chart, I anticipate a downward breakout.
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$XAU/USD (XAUUSD.CFD)$ I feel that today the market will move sideways, staying within a range of 4560 to 4530, and won't drop until tomorrow
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$XAU/USD (XAUUSD.CFD)$ In a state of limbo
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