Good Morning, Traders,
After an extended hiatus, I’m pleased to reconnect with you all and hope this message finds everyone well. Gold currently exhibits a bullish sentiment, driven largely by geopolitical tensions. However, I maintain that a reversal into my identified zone remains highly probable.
While the bullish momentum is evident, with gold forming one of the most significant bullish candles in its history, multiple timeframes (M30 to H4 and beyond) indicate overbought conditions. This scenario necessitates caution, especially as the forthcoming signal involves counter-trend trading.
As always, prudent money management will be critical to navigating this market effectively. Trade wisely, and wishing you all success in today’s session.