🟡[**Gold update**](
💡I think we can expect a correction as long as gold does not break above $5,200 and the resistance zone($5,172-$5,097).Meanwhile, the upward trend in gold over the past two days has not been with large volume, and even volume divergence is seen, and the resistance zone($4,991-$4,878) has not been broken with large momentum and volume.
🔴I am still short position on gold. But the main trend of gold will become more clear as the US markets open (**New York time.
⏺Gold at ~$5050 today, up +15% in rebound from recent crash.
⬆️Bullish drivers: Central bank demand, US-Iran tensions, Fed rate cut bets. But Warsh Fed nomination strengthened USD, adding bearish pressure.
📣Today's indices (**ADP ~46K forecast, ISM Services ~53.5 are key: Strong data = short-term bearish; weak = bullish.
⚠️Please don't forget to follow capital management
📈Chart by: TradingView
#gold #useconomy #iran #xauusd
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🚀[ProTrader_365](