$XAUT Gold Rebound Setup? 🤔
Gold tested key levels in the 4500 zone today. Price action shows rising volume on the move while technical signals flash mixed opportunities.
🔹 XAUT fluctuated between 4,489 and 4,551 dollars over the past 24 hours. Strong volume of 11.21 million dollars accompanied the price action.
🔹 Daily technicals accelerate caution. MA7 stays below MA30 and MA120 in bearish alignment while RSI sits at 40.28 approaching oversold territory.
🔹 MACD prints bottom divergence with rising histogram. This suggests potential short-term rebound even as 4-hour SAR holds the uptrend.
Federal Reserve Governor Waller highlighted persistent inflation risks. He stressed the Fed should avoid signaling further rate cuts for now.
Friends, do you see this as a dip accumulation zone for gold or expect more downside pressure first? Share your view. 📈
Gold tested key levels in the 4500 zone today. Price action shows rising volume on the move while technical signals flash mixed opportunities.
🔹 XAUT fluctuated between 4,489 and 4,551 dollars over the past 24 hours. Strong volume of 11.21 million dollars accompanied the price action.
🔹 Daily technicals accelerate caution. MA7 stays below MA30 and MA120 in bearish alignment while RSI sits at 40.28 approaching oversold territory.
🔹 MACD prints bottom divergence with rising histogram. This suggests potential short-term rebound even as 4-hour SAR holds the uptrend.
Federal Reserve Governor Waller highlighted persistent inflation risks. He stressed the Fed should avoid signaling further rate cuts for now.
Friends, do you see this as a dip accumulation zone for gold or expect more downside pressure first? Share your view. 📈






















