cryptoguardian
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Gold Bouncing Back After Sharp Dump?
$XAU just took a brutal hit – down -2%+ from $5,600+ highs to lows around $5,112, now trading ~$5,412–$5,431 But look closely: the chart is showing a gradual recovery in the last few hours – green candles pushing up from the low, testing EMA7 (~$5,423) and EMA25 (~$5,399).
News Impact
- Fed held rates steady (3.5-3.75%), no quick cuts – disappointed easy-money crowd, triggered risk-off sell-off.
- Dollar weakness (DXY slumping) + geopolitical noise (Iran tensions?) supporting safe-haven flows back into gold.
- Profit-taking after parabolic run (doubled in a year) caused the dump, but long-term uptrend intact – YTD +25-30%.
Next Possible Move
-Bullish scenario (my base case). If holds above $5,400-5,430 zone and breaks EMA99 (~$5,408), next target $5,500-5,550 (previous highs). Momentum building – 3-5% bounce likely short-term.
-Bearish risk: If rejects EMA25/99 and drops below $5,300, retest $5,112 or lower ($5,000 psychological). Watch dollar reversal for downside trigger.
Overall: Healthy shakeout after overextension – recovery looking real so far, but wait for confirmation above $5,450 for full reversal.
What You will do now?
- Buying the dip? 🔥
- Waiting for breakout? 👀
- Or selling the bounce? 📉
#GoldRecovery #CryptoGuardian #GoldDip #FedHoldsRates
$XAU just took a brutal hit – down -2%+ from $5,600+ highs to lows around $5,112, now trading ~$5,412–$5,431 But look closely: the chart is showing a gradual recovery in the last few hours – green candles pushing up from the low, testing EMA7 (~$5,423) and EMA25 (~$5,399).
News Impact
- Fed held rates steady (3.5-3.75%), no quick cuts – disappointed easy-money crowd, triggered risk-off sell-off.
- Dollar weakness (DXY slumping) + geopolitical noise (Iran tensions?) supporting safe-haven flows back into gold.
- Profit-taking after parabolic run (doubled in a year) caused the dump, but long-term uptrend intact – YTD +25-30%.
Next Possible Move
-Bullish scenario (my base case). If holds above $5,400-5,430 zone and breaks EMA99 (~$5,408), next target $5,500-5,550 (previous highs). Momentum building – 3-5% bounce likely short-term.
-Bearish risk: If rejects EMA25/99 and drops below $5,300, retest $5,112 or lower ($5,000 psychological). Watch dollar reversal for downside trigger.
Overall: Healthy shakeout after overextension – recovery looking real so far, but wait for confirmation above $5,450 for full reversal.
What You will do now?
- Buying the dip? 🔥
- Waiting for breakout? 👀
- Or selling the bounce? 📉
#GoldRecovery #CryptoGuardian #GoldDip #FedHoldsRates
🔥💰 Guardian of the Blockchain 🔒✨! This mystical hooded angel with golden wings 💫 & a blazing sword 🔥 embodies the spirit of crypto security 🛡️! Protecting the digital realm 💻 from threats 🚫 with strength 💪 & vigilance 👀. #CryptoGuardian #BlockchainSecurity #DigitalProtection 💸🔐
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