FX.co ★ king.zelda | XAU/USD, GOLD

Hello traders. XAUUSD GOLD. Gold today still couldn't develop a bearish sentiment, bulls are trying to regain control. So at the moment, I'm sitting on the fence: not looking north, and there's nothing to look south for. On the hourly chart, indicators have signaled a buy, but it's not activated yet. At the same time, the Bollinger Band is expanding, hinting at a possible continuation of the current upward impulse. One of the lagging indicators, on the contrary, stopped supporting the bullish sentiment, suggesting a reversal. So in the short term, there is a possibility of testing yesterday's low, around 4445-50. On the 4-hour chart, indicators also showed a new buy signal, but it's not activated yet. At the same time, the sell signals have been canceled, so for now, I'm just observing the situation from the sidelines. Overall, I expect a move to the south, but I'll wait for more confirmation from the technical aspect before opening any real short positions.