OANDA:XAUUSD   Gold Spot / U.S. Dollar
Boomer gold is still bearish, but shorting here has low R/R

This is a mean reversion trade
  • High volume profile node
  • D1 RSI oversold - potential mean reversion
  • Price is far from D1 kijun - potential mean reversion
  • Dumped harder than the other precious metals
  • Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery

For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.

As always,
Not a financial advice.

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