Dmitri Lysenko
⬤ Gold got hit with a fast reversal after trying to push higher during the session. XAU/USD climbed toward $4,880 before sellers stepped in hard, erasing the gains and dragging price back down to $4,850. The whole thing happened quickly—one minute gold's rallying, the next it's giving everything back. That kind of whipsaw action shows just how sensitive the market is when it bumps into resistance.
⬤ The session proved a point traders know too well: when volatility picks up, your exit can make or break you. Gold formed a few strong upward candles during the rally, but once it hit the upper range, the buying dried up. What followed wasn't a slow fade—it was a sharp bearish candle that screamed profit-taking and stop losses getting triggered. The chart structure backs this up: every attempt to push higher got swallowed by sellers waiting at those levels.
⬤ Before the reversal, XAU/USD had been stuck in a tight range without much conviction either way. The breakout attempt looked promising for a moment, shifting sentiment briefly bullish. But there was no follow-through. Once the upward push lost steam, sellers pounced, sending gold lower fast. The speed and size of that drop? Classic sign of a market driven by positioning and quick money rather than real demand holding things up.
⬤ Why does this matter? Because it's a reminder that chasing moves near resistance is risky business. Sharp reversals like this shake confidence and make traders more cautious heading into the next session. For gold, this failed rally and quick pullback show how fast the script can flip—especially when price tests key levels and participants start second-guessing their positions in real time.
Dmitri Lysenko
