I’m watching $XAU at $4428.43 after this aggressive long flush, and they are clearly probing whether buyers are still defending this premium zone. This is a volatile market and my search shows that such spikes usually mark a temporary bottom rather than the start of a free fall.
EP: $4390 – $4430
TP: $4490 / $4560 / $4680
SL: $4320
What’s condition now is extreme emotion with wide candles, which often leads to sharp mean-reversion moves. If you want safety, wait for stabilization above $4450.