XAUT: Gold Bulls at a Crossroads! 🚀🌕
Gold (XAUT) is showing some serious momentum, trading at $4,917.5 after a strong recovery from the $4,426 support zone. But the chart is flashing some warning signs:
We are currently battling to break above the $4,948.8 peak.
Bollinger Bands: Price is hugging the upper band, indicating a potential overextension.
MACD Signal: We see a slight bearish divergence on the 15m timeframe, suggesting a short-term "breather" might be needed. 📉
The Strategy:
Are we looking at a clean breakout toward $5,000, or a healthy pullback to the $4,800 mid-range?
Cast your vote below:
🚀 = Target $5,000 is next!
⚠️ = Pullback to $4,800 first.
XAUUSDT
Perp
4,978.5
-1.50%
PAXG
4,987.2
-1.52%