The time when the market is most deceptive,
often isn't during a crash,
it's when, after a crash, it suddenly turns back to give you a glimmer of hope.
$XAU $XAG
Gold has been pulled back to the 4460 line,
silver has also returned to around 69.30.
But let's not rush to determine that the repair is complete.
The reason is simple:
Gold has caught its breath,
silver is following along,
but the repair strength on the silver side
isn't strong enough to completely tear away the earlier weakness.
This kind of linkage
is more like a technical pullback after a drop,
it's not that the market has already turned strong again.
I'm focusing on these levels:
XAUUSDT
First look at 4460—4470
If it stands firm, then look at 4485—4500
First look at 4445—4435 below
Then look at 4418—4410 below that
XAGUSDT
First look at 69.20—69.50 above
If it stands firm, then look at 69.90—70.30
First look at 68.70—68.30 below
Then look at the 67.80 line below that
This place is the easiest to lose money,
it's not that there are no opportunities,
it's that you just saw a pullback,
and you're eager to announce to the market, "it's already fixed."
Keep the trading page open,
first see if the first layer of pressure can be absorbed back.
If it can't be absorbed back, treat the pullback as weak;
if it can be absorbed back, then see if it qualifies to discuss structure upwards.
First look for the structure to emerge,
then decide how to follow.
Don't rush in on the first move.
#xagusdt