Seems to be headed for a FIB retrace. A bunch of low resistance liquidity for it to run through on the way plus an imbalance at the lowest bullish candle
XPTUSD Outlook for US Dollar Strength: Bearish General Economic Indicators: Mixed Sector-specific Trends: Bullish Analysis of Supply and Demand: Bullish Investor Opinion: Optimistic with Caution View on Alternative Investments: Neutral
XPTUSD Overall Sentiment: Cautiously Bullish. My analysis suggests a cautiously bullish outlook for XPTUSD. This sentiment is primarily supported by positive factors such as potential GDP growth, increased demand from the automotive and green energy sectors, and possible supply disruptions due to geopolitical instability. However, the strength of the US dollar presents a significant bearish factor that could counteract some of the bullish pressures. The neutral to slightly bearish outlook on mining production and the uncertain impact of other precious metals add complexity to the overall picture.