XAUUSD Gold Chart Analysis 4/3/2025

in #moneylast month

The charts has finally touch the 2,900 resistance once more. Now it's in a phase of accumulating both buyers and sellers from those who buy at breakouts or sell from resistance. So if there are sellers when it touches the resistance, it'll push further to sweep stop losses, if there are more buyers, it'll drop to sweep stop losses. So playing both sides right is now putting yourself at a disadvantage because it's like jumping into a hurricane that's pushing you back and forth. The right approach right now would be to wait until the storm has subsided which means to wait for the 4 hour timeframe to close either above or below the 2,900 resistance. Then wait for the charts to clear volume before getting an entry.