The Trust Layer for Market Analysts

The analysis focuses on XAUUSD on the 15-minute chart, noting its strong bullish run from 3000 to approximately 4950. The speaker warns of potential intense profit booking as the price approaches the psychological 5000 level, especially on a Friday. He advises extreme caution during the US session, anticipating a possible strong retracement, potentially a $100 drop. He personally has exited his positions and suggests others consider locking in profits. For those looking for new positions, he identifies a high-risk buy breakout opportunity above 4969, but emphasizes that the 4980-5000 range is a strong profit-booking zone. Alternatively, he suggests looking for buy opportunities on retracements at minor support around 4910-4915, and a stronger support zone at 4880-4884, which was previously resistance. The overall sentiment is cautious, with an expectation of a short-term bearish pullback due to profit taking, before potentially resuming the bullish trend from lower levels.