Gold Bounces from PRZ — Is a Short-Term Rally Underway?Gold ( OANDA:XAUUSD ) started to rise from the Support zone($3,307-$3,275) as I expected in the previous idea .
Gold is currently moving near the Support zone($3,350-$3,326) , Potential Reversal Zone(PRZ) , and $3,334 (Important price) .
From the Elliott wave theory , it seems that Gold has completed its 5 impulsive waves and now we should wait for corrective waves . Corrective waves can complete at the Potential Reversal Zone(PRZ) .
I expect Gold to rise to $3,383(at least) in the coming hours .
Second Target: $3,396
Note: Stop Loss (SL) = $3,321
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Xauusdsignal
Gold: Yesterday’s Surge & Today’s Session StrategyDuring yesterday’s U.S. trading session, gold surged to around 3390 🚀, driven by a series of tariff-related remarks from Trump, Fed personnel changes, and market expectations that the probability of a September rate cut has risen to 91% ⚡️. We successfully took profit near 3355 yesterday, locking in close to maximum gains 💰.
Today’s trading strategy:
Go short at highs during the Asian session 📉
Go long at lows during the European session 📈
Go short at highs again during the U.S. session 📉
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@ 3390 - 3380
🚀 TP 3375 - 3366 - 3356
Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
Gold is waiting to break through near the dense pressure rangeGold (XAU/USD) prices fell slightly during Wednesday's Asian trading session, retreating to around $3,370, snapping a four-day winning streak. Previously, gold prices had hit a nearly two-week high on Tuesday.
Gold's recent rally was driven by the Federal Reserve's policy outlook and safe-haven flows, but a recent shift in market sentiment toward optimism and a slight rebound in the US dollar index have put downward pressure on gold prices.
Risk assets generally rose, including a rebound in Nasdaq futures, temporarily cooling demand for safe-haven assets. Furthermore, the dollar's slight rebound also put pressure on non-interest-bearing gold.
Weak US data heightened economic concerns, supporting expectations of a rate cut this year.
Last Friday's weaker-than-expected US non-farm payroll data, coupled with Tuesday's release of the July ISM Services PMI, which fell to a multi-month low of 50.1, have fueled market concerns about the US economic outlook.
"Both the weak employment index and new orders suggest weakening momentum in the services sector, further strengthening the likelihood of a September rate cut by the Federal Reserve," analysts noted.
The market currently expects the Federal Reserve to implement a 25 basis point interest rate cut at its September policy meeting, with the possibility of a total rate cut exceeding 50 basis points this year. While this expectation has dampened dollar bullish sentiment and provided support for gold, the optimistic stock market sentiment has weakened gold's appeal as a safe-haven asset.
In trade-related news, the US President announced a new round of tariffs on imported semiconductors and pharmaceuticals, accelerating the pace of tariffs on areas such as automobiles, steel, and aluminum.
This move has heightened market concerns about global supply chain risks, maintaining cautious investor sentiment and potentially providing safe-haven support for gold in the medium term.
From a technical perspective, gold prices encountered clear resistance before reaching the $3,400 mark and failed to break through, shifting into a short-term consolidation pattern.
The 4-hour chart shows that gold found support at the 100-period simple moving average (around $3,350) and rebounded, indicating that bulls are still trying to maintain the initiative.
"Currently, hourly and daily oscillators remain positive, but if gold fails to hold above $3,400, it is likely to remain volatile in the short term," market participants noted.
Upward resistance lies at the key resistance zones of $3,400 and $3,430, respectively. A break above this would open an upward trend, targeting the all-time high of $3,500 reached in April.
Initial support lies at $3,350. A break below this would target the intermediate support of $3,322 and the $3,300 mark. A further break below this level could test the one-month low of $3,268.
Although gold prices are currently under short-term pressure, they remain supported in the medium term amidst a slowing US economy, rising expectations of interest rate cuts, and ongoing potential trade frictions. In the short term, the price is expected to fluctuate around the $3,400 level. Focus on speeches by Federal Reserve officials and next week's US CPI data, which may provide new direction for gold. OANDA:XAUUSD VELOCITY:GOLD EIGHTCAP:XAUUSD CMCMARKETS:GOLD PYTH:XAUUSD ACTIVTRADES:GOLD FX:XAUUSD
8/6: Watch for a Potential Double Top FormationGood morning, everyone!
Yesterday, gold experienced its first significant supply pressure around the 3386 level, but with support near 3350—helped by positive data—prices rebounded and climbed back toward 3390, resulting in solid overall gains.
From the 1-day chart (1D) perspective, the technical structure remains bullish, with MA20 providing firm support. Although short-term moving averages are currently converging, the overall bias remains towards a bullish divergence, suggesting further upside potential. There's a possibility for price to test the 3400–3420 zone in today’s session.
That said, the 3386–3398 region may still pose minor selling pressure, although it is not expected to be particularly strong. Key intraday support is seen in the 3378/3372–3362 range. If the market encounters another wave of heavy selling that damages the daily bullish setup, then the 3343–3348 area will become a critical battleground between bulls and bears.
📌 Trading Strategy for Today:
Maintain a sell-on-strength approach, especially if prices approach the 3418–3438 resistance area, where short opportunities become more attractive;
If a pullback occurs, monitor the aforementioned support zones for potential buy-on-dip opportunities, contingent on stability.
⚠️ Market Risk Reminder:
There will be key economic speeches during the US session, which could trigger heightened volatility. Ensure proper risk management and stop-loss settings are in place.
XAUUSD The beginning of large-scale growthCurrent picture and structure
The instrument is trading in a narrow range of $3,360-3,375, demonstrating low volatility - ADX is at the low of 2025, which confirms consolidation
The price is held inside a long-term ascending channel, with an increase of about 27% since the beginning of 2024
Indicators and signals
RSI (14): around 58-59, indicates moderate overbought, but remains in the bullish momentum zone
Stochastic (%K ~61%) and MACD (value ~3.8): Buy signals - short-term upward momentum is confirmed
ADX (14): around 23-24 - range, weak trend without a clear direction
Moving averages on different timeframes give a common signal indicator "Strong Buy" in daily and weekly frames
Support and resistance levels
Key support:
$3,360 — current lower stop range
$3,330–3,293 — swing low zone, critical for short-term sales
Main resistance:
$3,400–3,415 — profit acceptance zone and possible reversal pressure
$3,450 — psychological and technical barrier upon breakout of current zone
Gold rebounded near the key support level of $3,350.Spot gold edged higher during the US trading session after finding strong support near $3,350, reversing an earlier pullback. During the European trading session, gold prices briefly dipped due to improved risk appetite and a slight rise in US Treasury yields, failing to extend Monday's rebound. However, buyers stepped in near the 50-day simple moving average (SMA), pushing prices back from the day's low. The continued weakness of the US dollar, fueled by market confidence in a September Federal Reserve rate cut, supported gold's rebound.
Spot gold struggled to extend last week's rebound and is currently hovering around $3,350.
Last week, gold broke below an ascending triangle pattern, briefly hitting a one-month low, before finding support above the 100-day simple moving average (SMA), suggesting continued bearishness.
Currently, gold is trading slightly above the 50-day SMA, providing immediate support, followed by the 100-day SMA. Further declines could lead to targets near $3,275 and $3,200.
The Relative Strength Index (RSI) on the daily chart is in neutral territory around 55, indicating a lack of clear momentum. Meanwhile, the MACD indicator shows a golden cross with the DIFF crossing the DEA, and the MACD-histogram is positive, indicating accumulating bullish momentum. However, the overall reading is low, and further upward momentum is needed. A sustained golden cross and a larger candlestick pattern would be bullish.
On the upside, if bulls can reclaim the bottom of the broken triangle and decisively push above $3,380, the market could potentially move towards $3,450, or even revisit the all-time high. PEPPERSTONE:XAUUSD VELOCITY:GOLD FXOPEN:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD ACTIVTRADES:GOLD ACTIVTRADES:GOLD ICMARKETS:XAUUSD
Gold crash (SHORT) - head and shouldersGold is at an interesting crossroad.
It broke through its diagonal support on Friday the 25th of July.
Price is retesting previous support. Does it turn into resistance?
Further confluence is a head and shoulders of the H8 and H12, with the right shoulder coinciding with the retest of the diagonal.
Since I am long gold with my investments, I am hesitant to short gold through my trading business. However, if my pattern is available, I take the trade. This will be a very short term trade - a few days at most if the trade goes in my favour.
Risk/reward = 12.6
Entry price = 3382.5
Stop loss price = 3396.2
Take profit level 1 (50%) = 3230
Take profit level 2 (50%) = 3181
The risk reward is exceptionally high. However, I have taken a more conservative approach with my entry because of my apprehension to short gold. For this trade I will enter at the extreme end of the range in which I will look for entries. This is the reason for such a high RR. It might result in me missing an entry.
Wait for a pullback and then test the previous high#XAUUSD
The gold market closed positively on the daily chart, with strong support near 3345-3340 below. The market trend is still dominated by bulls,🐂 but the daily moving average support is too far from the high point. It is not ruled out that it may retreat to the moving average support near 3345-3340,📊 and then rise again.🚀
From the monthly chart, 🌙although the monthly chart closed positive, the market is generally converging at a high level. Upper resistance remains, and a breakout is unlikely without breaking through this resistance level (no further discussion will be given).📉
Judging from the weekly chart, the Bollinger Bands have shrunk, and the MACD indicator has formed a death cross with large volume, indicating weak fluctuations at the weekly level.😩
Judging from the daily chart, 📊the current technical indicators are tending to the zero axis, and the rapid upward correction of the smart indicator indicates that the price fluctuation tends to rebound. The current focus is on yesterday's high around 3385. It is expected to break through 3430. The lower support Bollinger band middle track and moving average tend to stick together around 3346-3340.🌈
Judging from the hourly chart and 4H chart, 📊the overall rhythm tends to fluctuate and fall. The short-term pressure from above is around 3375-3385, and a break above will definitely lead to an increase.📈
On the whole, pay attention to yesterday's NY starting point near 3365-3360, and the strong support below is 3346-3340. The hourly and 4H charts tend to fluctuate and fall, so for short-term trading we need to short on rallies. 📉
Intraday trading suggestions are as follows:
1. Consider going long currently around 3365-3360📈, targeting 3374-3380🎯. If it breaks through, look for 3400.
2. Go long if it retraces below 3355-3340, targeting 3375-3385. Wait for further adjustments.🐂
3. If the price first reaches the resistance level of 3375-3385 and holds, consider going short with a small position and anticipate a pullback towards 3365-3355.🐻
GOLD (XAU) SHORT - Double top 30minRisk/reward = 2.8
Entry price = 3382.5
Stop loss price = 3390.5
Take profit level 1 (50%) = 3361.7
Take profit level 2 (50%) = 3356
I am considering a short on gold.
Still need some variables to fall into place before I enter the trade.
There is nice RSI negative divergence showing declining momentum.
Further confluence:
- Potential head and shoulders on higher time frame
- At area of previous diagonal support which could be turned into resistance if the 30min double top plays out
XAUUSD – Is This a Short-Term Top?1. What happened yesterday
After dipping to 3340 in early trading—just shy of the key 3335 support where I was looking to buy—Gold resumed its bullish momentum that began on Friday. During the New York session, price spiked to a new intraday high near 3385. However, the final hour brought a pullback, and since then, Gold has entered a tight consolidation range.
2. Key question: Is Gold forming a short-term top?
The 1H chart shows a new failed breakout attempt above 3380 during the Asian session. This left behind a minor double top, with the neckline sitting around 3370. That level is especially important—it aligns with a short-term rising trendline.
3. Why a correction might follow
• Price rejected above 3380 twice
• Small double top visible on LTF
• 3370 is a make-or-break level (neckline + trendline)
• A break below could trigger a correction of the +1000 pips rally from Friday’s lows
4. Trade plan
While there is some evidence of a potential top, this remains a high-risk and aggressive short.
Any attempt to trade against the trend should be done with tight stops and small size .
5. Final thoughts
A short-term top could indeed be in place, but Gold must break below 3370 to unlock deeper downside. Until then, the bulls are still in control—just taking a breather. ⚖️
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Can technical factors boost gold? (Must-read for traders)After three consecutive days of strong rebounds, spot gold has entered a period of sideways trading, trading around $3,370 in the European session, with a short-term seesaw pattern. A slight rebound in the US dollar index has weighed on gold prices, but market expectations of a September Fed rate cut remain supportive. Furthermore, lingering global trade uncertainty has prevented a significant decline in safe-haven demand.
Fundamentals:
Gold's recent upward momentum has been driven by weak US economic data and rising expectations of rate cuts. Last week's non-farm payroll data showed a significant weakening in the labor market, reinforcing market bets that the Fed will begin another round of rate cuts in September. The CME FedWatch tool shows that the market's expectation of a September rate cut has exceeded 90%. Meanwhile, US factory orders plummeted 4.8% in June, further highlighting economic weakness.
On the other hand, US President Trump signed an executive order last week raising tariffs on imports from dozens of countries, with the minimum tariff rate reaching 15% for countries with trade deficits with the US. With these measures about to take effect, this uncertainty continues to weigh on global market sentiment and supports gold's safe-haven properties.
However, a slight rebound in the US dollar partially offset gold's upward momentum. Traders will be watching the upcoming US ISM Services PMI data to determine whether the economic slowdown has spread to the services sector.
Technical Analysis:
On the daily chart, gold prices have recently traded between the middle and upper Bollinger Bands (3343.59) and 3411.09, failing to break through key resistance. The overall trend remains within the medium-term range, with no clear trend emerging.
The recent candlestick chart pattern forms a typical "sideways fluctuation" pattern, indicating significant pressure near the previous high of 3438.80, while the lower Bollinger Band (3276.09) provides support, suggesting a short-term "box consolidation" pattern.
On the MACD indicator, the fast and slow lines are near the zero axis, while the DIFF and DEA lines have formed a slight golden cross, but the angle is gentle. The red bar has limited momentum, indicating insufficient upward momentum and a lack of a strong rebound.
The Relative Strength Index (RSI) remained at 54.81, within the neutral to strong range, indicating a lack of clear short-term price direction. Market sentiment remains cautious. Further attention will be paid to whether the price stabilizes above the middle Bollinger Band or retreats to test previous support levels.
Market Sentiment Observation:
Current gold market sentiment is cautiously optimistic. Traders are pricing in a high level of interest in the Federal Reserve's rate cut, driving a short-term rebound in gold prices. However, the dollar's resilience remains, limiting gold's upside potential. Indicators show a lack of significant inflows into gold ETFs, suggesting the market has not yet fully shifted to a defensive position.
The technical chart shows a typical "consolidation platform," indicating that the market is awaiting clearer policy or data guidance. Investors remain interested in safe-haven assets, but their willingness to chase higher prices is weak. In the short term, market sentiment may continue to be constrained by fluctuations in external macroeconomic data and shifting policy expectations.
Market Outlook:
Bull Perspective:
Analysts believe that if gold prices break through the upper Bollinger Band at 3411.09 and the MACD indicator expands, further upside potential is expected, with the previous high of $3450 in sight. If the Federal Reserve signals a clear interest rate cut or if the US economy continues to weaken, gold could see a mid-term trend reversal and resume its upward trend.
Bear Perspective:
Analysts believe that if gold prices remain constrained in the 3400-3411 range and fall below the middle Bollinger Band and moving average support, a short-term pullback could occur, testing the lower support band at $3276. If the ISM Services PMI exceeds expectations and the US dollar strengthens again, gold could return to bearish momentum. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD PYTH:XAUUSD FOREXCOM:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLDZ2025 CMCMARKETS:GOLD
Technical indicators are bullish across the boardInfluenced by the NFP data, gold prices rose strongly, fully recovering last week's losses. The current gold market has broken the previous bull-bear equilibrium and remains in a strong upward trend. We are currently bullish but will not chase the rise. We will wait for gold to fall back and stabilize before trying to go long. Gold is currently in a sideways consolidation. If gold touches the upper short-term resistance of 3365-3370 again in the European session and encounters resistance and pressure, you can consider shorting with a light position and waiting for a pullback. If the gold price breaks up strongly, pay attention to the key suppression level above 3375-3385.
As the price of gold continues to rise, the support has moved up. Pay attention to the short-term support of 3345-3330 below. If it retreats and stabilizes, you can consider going long. Independent traders must strictly implement trading plans, and those who are not sure about the market must set stop-loss orders.
OANDA:XAUUSD
8/5: Watch for Short Opportunities Near 3400Good morning, everyone!
On Wednesday, gold held above the key support area at 3343–3337, and subsequently broke through the 3372–3378 resistance zone, leading to a strong bullish move and solid long-side gains.
Today, attention should shift to the major resistance around 3400. If bullish momentum continues, price may approach the secondary resistance near 3420. However, from a technical perspective, signs of bearish divergence have begun to emerge. Should price continue rising while momentum weakens, the risk of a short-term correction increases accordingly.
Key levels to monitor:
Primary resistance zone: 3404–3416
Intermediate supply area: around 3398
Crucial support zone: 3372–3363 (a hold here could support further upside)
⚠️ Cautionary Note:
The US PMI data release during the New York session could introduce volatility. Be sure to maintain strict risk management and stop-loss discipline during periods of increased uncertainty.
🔁 Trading Bias for Today:
Prefer selling into strength near resistance, while cautiously considering buying on dips near support.
The 3343–3337 area continues to serve as the primary support zone, and price action around this level will be critical in determining the next directional move
XAUUSD Intraday Signal Analysis – Gold Price Momentum & RSI SetuIn today’s 1-hour chart of XAUUSD (Gold vs USD), we observe a strong upward momentum supported by technical indicators, suggesting a well-defined bullish trend in the short term. Traders looking to capture short-term profits may find this chart setup especially favorable. Here's a breakdown of the price action and what it could mean for intraday traders.
Price Action Overview
The price of gold has surged past the $3,320 mark, showing a clear bullish breakout with a series of higher highs and higher lows. Currently, the market is trading near the $3,378 level, consolidating slightly after a strong upward movement.
The SMA 9 (Simple Moving Average) is providing dynamic support, curving upward and closely hugging the candlesticks. This is typically a sign that buyers are actively pushing the price higher and dips are being bought up quickly.
Additionally, the spread between the Buy ($3,378.78) and Sell ($3,378.51) prices is extremely narrow, suggesting tight liquidity and fast execution potential — ideal conditions for scalpers and short-term traders.
RSI Analysis
The RSI (Relative Strength Index) 14 is hovering around the 68–70 level, which traditionally indicates the asset is approaching overbought territory. However, it hasn’t crossed into the 70+ danger zone yet, which implies there could still be room for further upside.
One key observation is the RSI divergence forming on the right-hand side. While price has been climbing steadily, RSI has started to curve down slightly — this could hint at a minor pullback or consolidation phase before the next big move. Smart traders may consider watching for bullish RSI bounces or hidden divergences before re-entering long trades.
Trade Idea
Trend: Bullish
Support: $3,360 / $3,340
Resistance: $3,400 / $3,420
Signal: Wait for a minor pullback toward the SMA, and look for bullish candlestick confirmation near $3,360 before entering long.
Conclusion
This XAUUSD 1H chart presents a strong case for continued bullish momentum with cautious optimism due to RSI nearing overbought levels. A pullback could offer fresh entry opportunities before a push toward the next resistance zone. Intraday traders and swing traders alike can benefit from closely monitoring price action around the SMA 9 line.
Gold Spot / U.S. Dollar (XAUUSD) 4-Hour Chart - OANDA4-hour performance of the Gold Spot price against the U.S. Dollar (XAUUSD) from late July to early August 2025. The current price is 3,362.895, reflecting a +72.775 (+2.21%) increase. Key levels include a sell price of 3,362.200 and a buy price of 3,363.590. The chart highlights a recent upward trend with a notable resistance zone around 3,395.716 and a support level near 3,336.129, as indicated by the shaded areas.
XAUUSD:BUYThere is no need to worry about holding long orders mentioned last Friday. Gold prices continued to rise this week after a pullback. The price has risen to 3372. According to the research team of our swing trading analysis team, the bullish trend will continue.
Earlier I informed members that some buy orders were closed at high levels. At that time, the short-term high was around 3370. After closing the long orders, the price subsequently fell. This is the advantage of swing trading. You can use accurate trading signals to trade in batches in the short term, thereby creating opportunities for quick profits.
After the pullback, there is still good room for buying and opportunities.
8/4: Watch Support at 3343–3337 and Resistance at 3372–3378Good morning, everyone!
Last Friday, gold rallied strongly, driven by a combination of favorable economic data and bullish technical signals, decisively breaking above the 3337–3343 resistance zone. During the subsequent pullback, price action remained firm above 3337, followed by a secondary upward move.
From a technical standpoint, the structure suggests the potential for continued upward consolidation, with the possibility of filling the gap near 3396. However, significant resistance remains between 3372 and 3378 — failure to break through this zone decisively may result in a short-term pullback before further gains.
Key levels to watch:
Initial support: 3348 and 3337–3343 zone
Major support: 3312–3300 zone (a break below could signal deeper downside risk)
Trading Strategy:
Focus on intraday setups around these critical areas. Look for buy opportunities on dips as long as support holds, while remaining cautious of sharp pullbacks near strong resistance.
Gold 4H timeframe Based on the chart my shared (Gold 4H timeframe with Ichimoku cloud), here are the identified target points:
📈 Upside Targets:
1. First Target: 3380
This is marked just above the Ichimoku cloud breakout.
It is a short-term resistance zone.
2. Second Target: 3420
This is the higher target zone indicated in the chart.
It aligns with a previous high and potential resistance area.
---
🟡 Key Support:
Support Zone: Around 3322 – 3353
Price needs to hold above this zone to maintain the bullish momentum.
XAUUSD Signal Today | Do you think Gold will retest $3400XAUUSD Buy Sell Signal Today | Do you think Gold will retest $3400 resistance? Every gold trader should watch today! In this video, we have the latest XAUUSD technical analysis and provide clear buy and sell levels for scalpers and swing traders. If you want to know if Gold will retest $3400 resistance, stay tuned until the end for exclusive insights, real chart breakdowns, and the best price action strategies. This video will help both new and professional traders make smart trading decisions with live examples and updated gold signals.
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XAUUSD analysis - 1H FVG and OB setupsOn the 1H chart, price has made a sharp bullish move from the lower 1H OB zone (3,275 – 3,285) and is now hovering just below the 1H supply zone.
🔴 1H Supply Zone (OB):
3,354 – 3,368 → Price is consolidating here with no strong rejection yet.
🟢 1H Demand Zone (OB):
3,337 – 3,344 → First area to watch for potential bullish reaction.
👁 Mid-level support zone (waiting for confirmation):
3,310 – 3,320 → If price pulls back here and gives confirmation on lower timeframe, we’ll look for long setups.
📌 Trade scenarios:
1️⃣ Bullish: Wait for a retracement into 3,310 – 3,320, and if confirmed on LTF (3M–5M), go long.
2️⃣ If price drops deeper into the lower OB zone 3,275 – 3,285 and gives strong bullish reaction → potential long setup again.
3️⃣ Bearish: If price rejects the current OB zone (3,354 – 3,368) with confirmation → short entry targeting the green zones below (~3,320 or 3,310).
✅ Entry only after confirmation on lower timeframe
❌ No confirmation = no trade
XAUUSD Weekly Outlook | $3,285 Key Level and Structure SetupHere’s my outlook on gold (XAUUSD) for the week of August 4–9, 2025.
Last week’s move was shaped by strong early dollar momentum, a 3% U.S. GDP report midweek, and Friday’s sentiment shift after the surprise tariff announcement.
Price is now sitting near the $3,380 supply zone, a structure that’s been in play since April. I highlight:
✅The key demand zone ($3,245–$3,285)
✅The broken descending trendline is now acting as support
✅Potential reaction around $3,360 early in the week
✅$3,285 remains my key level going forward. If ever price comes close, I’m watching for signs of strength or breakdown there to guide my setups.
I’ll update my thoughts in the comments as price action unfolds.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.