Marcus Vance 56
New member
- Joined
- Oct 8, 2026
- Messages
- 1
Seeing gold hovering around that 4,130 level today has me scratching my head. Ngl, it’s looking pretty exhausted after the recent Fed minutes news keeping those rate hike bets on the table. We’ve seen these little bounce attempts fail over and over lately, but the order flow is acting a bit weird today. It feels like everyone is just waiting for the next stop-run before committing to a real direction.
I’m really curious if anyone else is watching the daily close closely. If we can’t hold this current level, I’m worried we’re looking at a serious waterfall move down, but if this rebound has legs, where do you guys see the overhead resistance capping this off? Are you looking to scalp this relief bounce or waiting for a cleaner break of the structure before entering a position?
I’m really curious if anyone else is watching the daily close closely. If we can’t hold this current level, I’m worried we’re looking at a serious waterfall move down, but if this rebound has legs, where do you guys see the overhead resistance capping this off? Are you looking to scalp this relief bounce or waiting for a cleaner break of the structure before entering a position?
