XAUUSD

Hello Traders! 👋

What are your thoughts on GOLD?

Gold remains in an uptrend, and there are no clear signs that the bullish wave has ended. We still expect the price to reach at least above $3,000 in the coming period.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected corrective phase.
At this point, we anticipate a further price correction to lower levels before a new bullish move begins.
Stay patient and look for suitable buying opportunities.
Monitor price reactions to support levels to identify an optimal entry point.
The overall trend remains bullish, and the current correction may provide a good re-entry opportunity.

What’s your outlook on gold? Do you think the $3,000 target is achievable?

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取消訂單

The price moved away from the expected zone and returned above 2900. If it closes above 2910, it could move towards the high again.