XAUUSD, Break Above Highs Or Rebound?

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Gold largely has become unpinned with its traditional sentiment drivers.

This creates inherent danger, and makes the case for rebounds off highs somewhat questionable.

Nonetheless, there is a risk averse bias that can be taken, reflective of price movements. Here's some levels and strategy to note.

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ملاحظة

MM stop as expected. Remaining short.

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ملاحظة

New highs achieved.

Remember Gold Sentiment is unpinned. We are rallying in 'Risk On'.

If you are short selling you are in no mans land (technically, and sentiment wise).