XAUUSD is in a bullish structure but currently pulling back after rejecting resistance at $3,402. It’s now testing support at $3,390–$3,392 (S1) near EMA21.
Bullish if price holds above S1 — target $3,420+. Bearish if S1 breaks — next support is $3,380 (S2). Trend remains bullish unless $3,380 is broken.
GOLD (Institutional Mindset in Trading) # Stop loss placement: Avoid placing stops at obvious levels where many retail traders might have theirs. Institutions might target these areas. # Position entry: Considering where retail traders' stop losses are can inform your entry strategies.
GOLD We've observed traders holding losing positions too long while closing profitable ones quickly. Avoid this behavior for better trading outcomes. Instead: # Learn about fundamental and technical analysis to make informed decisions. # Use stop losses and targets based on a considered risk/reward ratio.
XAUUSD Don't be so eager to short just yet people, I know 100 pips drop in 30 mins looks good but we moved +500 pips yesterday, price might only be seeking equilibrium before continuing on the upside, anyway just saying, you do what please you...