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$XAUUSD Daily summary
Yesterday, I already analyzed in the group: with such a big bearish candle and no effective rebound in a wave, there must be a major rebound at the bottom. It’s affected by the chain reaction of short-squeeze liquidations.
As of now, the US session has pushed up to around 4,080. In my view, tonight may test above 4,100.
There is an fvg in the 4,100 to 4,110 range. Personally, I suggest shorting at these levels.
There’s no wave that only goes up and never comes down—if it drops fast, it also rebounds fast. Likewise, if it rebounds fast, it will drop fast too. So for shorts, above 4,100 you must try.
Wishing everyone a happy weekend.