hey guys, just checking in on xauusd. usually iran news means gold should moon, but the price action is acting weird as hell today. i saw a big pump but then it just stalled out near the resistance.
dxy is still being a pain and i think the market is just waiting for the new fed chair to actually speak before making a real move. i’m seeing some bearish divergence on the h1 but the daily trend is still bullish.
anyone else longing gold here or u think this is just a fake out before a deeper correction? i’m keeping my lot sizes small cuz this volatility is legit insane. lmk what ur charts are saying!