I don't know why you guys care about what happen last week if not to have a clue or idea.
You guys should in 1st place follow price, the majority stay stuck about all week beeing bearish and now it seems like the box of pandora open...
Said it last weekend, i don't give a damm for what last week did and the same for this one.
Because if i did, hadn't catch the low when people insist gold will keep fall.
And for me tipical this week is crucial for monthly probabilities, you guys had seen just the opening and it give a clue but impossible to confirm with good probabilities where it can go.
We all have our perspective it all depends the Tf we are looking to it.
To me weekly and daily resets, i stay only with big boss is doing and that is keeping previous trend so far as last week did, no matter what you had seen lower tf's, can it be a sign? Sure! Was not confirmed and now if i were in a bear place i step back a while. As i am doing about beeing a bull, i am not trading totally bias based in previous month either, to do that i want to see monthly price getting out of his median range, willing to expand.
People want to trade at daily basis with an investement sentiment is why seek of liquidity by them works, people hold to long the trades for the stops they use.
If is not price that you guys are trading but believes and predictions you all continue be just a retail, fighting to be profitable. Get paid in your best edge in a fractal way and then lock the trades in your believes, there are no other way to stick to believes... is getting paid first and not following another myth of high RR because markets of today are made to hunt you down. Oh yes...Then they eventually go where majority of people are seeing price go...
We have a big knife in the charts? Good, take some with them, but please don't believe will not stop as the same can be applied to a bull run.
Your sentiment is one thing, what price is doing is another and you are paid for price moves, not for sentiment changes.
Have all a nice weekend...