- According to the most brokers’ data, more than half of the traders are currently in long positions on XAUUSD. As a result, we recommend considering only Short trades at this time.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- MVP line is above the price and acts as a resistance level.
- We are focused on the breakdown of the previous bottom, the target at the level of 3210.
Chart & Analyst Comments
