XAUUSD-Levels to watch out

I’ve exited my long positions and am staying on the sidelines for now. I won’t be selling into the current strength just yet, as there’s still room for exhaustion around the 2850 level. I’ll consider entering shorts if the market closes below 2725, with targets closer to 2000.

History is likely to repeat itself, with retailers jumping into the FOMO at 3000.

Penafian