Gold Soars Past 2700: Key Levels to Watch for Buying
As anticipated and detailed in this week's analysis, 
XAUUSD has reached a new all-time high and is now trading comfortably above the 2700 mark.
The bullish momentum remains exceptionally strong, with no signs of a potential reversal at this point.
Despite the recent leg up exceeding 1000 pips, it remains extremely risky to attempt selling in the face of such a powerful uptrend, especially when there is no resistance level to use as a reference.
Fighting against this momentum could result in unnecessary risk.
With that in mind, my strategy is to look for opportunities to buy on dips. A potential buying zone could emerge around the 2680 level, which may provide a more favorable entry point for those looking to join the bullish trend.
XAUUSD has reached a new all-time high and is now trading comfortably above the 2700 mark. The bullish momentum remains exceptionally strong, with no signs of a potential reversal at this point.
Despite the recent leg up exceeding 1000 pips, it remains extremely risky to attempt selling in the face of such a powerful uptrend, especially when there is no resistance level to use as a reference.
Fighting against this momentum could result in unnecessary risk.
With that in mind, my strategy is to look for opportunities to buy on dips. A potential buying zone could emerge around the 2680 level, which may provide a more favorable entry point for those looking to join the bullish trend.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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