XAUUSD .
THIS IS WHY GOLD IS NOT GOING UP YET
So in gold, today after the market opened, we were expecting some selling. But honestly, I didn’t expect the market to completely sweep Friday’s low.
As I mentioned earlier, the 4640–4660 zone had active sellers. If the market dropped, more sellers were likely to jump in because the resistance was clearly visible to everyone.
To be honest, the market shouldn’t have swept Friday’s low—but it still did.
The simple reason, according to me, is this:
Last week’s low was around 4509, which is very close to the key psychological level of 4500. After a one-sided drop last week, the market showed a reversal from 4509. Because of that, many traders jumped into buying positions around this level, keeping their stop-loss at 4500 or slightly below, since it’s a very important psychological level.
Along with that, gold has already completed a correction on the downside. Due to this, many buyers are becoming aggressive at these levels.
This is why gold is not rallying easily. Instead, it’s deliberately creating confusion and frustrating traders. Those who are chasing entries are losing money, and the market is likely trying to shake out maximum participants—so that when the real buying move starts, most people are either out of capital or stuck in regret, just watching the move.
Now let’s talk about the plan for Tuesday.
So far, the market has not given a breakdown below 4500. This means buyers are still active, and possibly more buyers have entered after the retracement and small reversal.
However, in my view, one more downside move is still pending.
The structure formed on Monday looks strong and is currently in favor of sellers. Without a proper liquidity sweep, a valid reversal from just above 4500 doesn’t seem likely yet.
According to me, gold should first attract more buyers and then move lower—possibly towards 4485–4467, and in the extreme case around 4440–4460.
From thos
farah khan
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