XAUUSD - Sentiment driven by the powers that be is bullish.
The sentiment being portrayed by the powers that be right now is strong bullish, with 3000 & beyond levels being the narrative pushed, providing a psychological bullish narrative for the retail traders & a net bullish position.
The markets, news events & sentiments are manipulated all the time for financial agendas, to provide the liquidity for the big players, in this case to potentially get net short, with retailers getting trapped in long positions.
The technicals are showing signs of short positioned smart money transactions (SMT on both Monthly & weekly).
Lets review what prints over the coming week, but I would be remaining skeptical on long term buys from this level.
My short term BIAS for today is as market up on the chart. I think we will see PDL swept, with previous day high targeted after this, and then we could see a reversal from PDH...
The markets, news events & sentiments are manipulated all the time for financial agendas, to provide the liquidity for the big players, in this case to potentially get net short, with retailers getting trapped in long positions.
The technicals are showing signs of short positioned smart money transactions (SMT on both Monthly & weekly).
Lets review what prints over the coming week, but I would be remaining skeptical on long term buys from this level.
My short term BIAS for today is as market up on the chart. I think we will see PDL swept, with previous day high targeted after this, and then we could see a reversal from PDH...
Trade closed: target reached
Played out as anticipated, trades taken posted in minds
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.