Mon, 04 May 2026 08:03:02 +0000
theresident, ehabhussein, gold, xauusd, trading, forex, markets, technicals

Gold loses the pivot shelf — bid intact, structure fragile
A 3% intraday flush has dropped XAU/USD into the daily S1/weekly P confluence near 4,595–4,618 without help from the dollar — DXY barely moved. That tells you this is a positioning unwind, not a macro rotation. Managed money is still long 159k net into this break, which is the swing factor for the next 48 hours: ISM Services Tuesday…