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MY thoughts
Alright, fellow traders, good morning from Romania! 👋 Let's chat about Gold (XAUUSD) today.
Feeling a bit bullish on Gold as long as it holds above that key level around 3312. Think we could see it push towards 3360, maybe even stretch to 3383 if the momentum keeps up.
Of course, if things turn south and it drops below 3312, we might be looking at a move down towards 3278, and potentially even 3245.
The RSI just touched that neutral zone and looks like it's trying to climb back up, which hints at some buying interest.
Just remember to trade smart and keep those risk levels in check! This is just my take on things, not a crystal ball.
What's your gut feeling on Gold today? Keen to hear your thoughts! 👇
Interesting perspective on Gold! From the latest CFTC data, it seems like there's still a significant open interest in longs, but I wonder if this could lead to volatility at 3312.
