Gold Reverses with a Pin Bar – Is the Drop Over?

📈 What happened yesterday on Gold (XAU/USD)?

Gold had a tricky session – during the early hours it dipped just below 3300, testing support. But by the New York session, bulls stepped in strongly, pushing price back up and closing near the daily highs. The result? A strong daily Pin Bar with a long tail, signaling possible bullish reversal.
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❓Is the drop over, or will the market fake out again?

That's the big question now. Yesterday’s close definitely leans bullish, but we need to see confirmation.
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📌 Why a continuation to the upside is possible:

• Price rejected sub-3300 levels pretty strongly.
• A daily Pin Bar formed, signaling buyer strength.
• A break above yesterday’s high would confirm bullish intent.
• 3390–3400 is the next key resistance zone on the radar.
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🧠 My trading plan:

I closed my short near break-even – no need to fight the price action. Now I'm patiently waiting for a clean break above yesterday’s high to enter long trades, aiming for the 3390–3400 resistance area.

Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.