- According to the most brokers’ data, more than half of the traders are currently in short positions on XAUUSD. As a result, we recommend considering only Long trades at this time.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Price broke through the MVP line and rushed up. We consider this a sign for further XAUUSD price increase.
Chart & Analyst Comments
![main-buy-market-trend-1](https://fxssi.com/images/forecasts/forecast-a63b4bea5cdfa08034be2e180fd56122.png)