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Anyone else feeling like this XAUUSD rally might be running out of steam? We've had a good push, but I'm seeing some divergence on the MACD on the H4. What are your thoughts on the overall sentiment? Are we headed for a correction soon, or is this just a breather before another leg up?
Update: I'm still leaning towards a potential pullback. The 5165 area is acting as pretty stiff resistance, and I'm not seeing the volume to break through convincingly. I'm thinking of opening a small short position with a tight stop just above that resistance level. Maybe target the 5120 area initially, see if it holds. It's a bit of a risky play with the current momentum, but the risk/reward seems decent. What do you guys think of that strategy?
