XAUUSD

Hello Traders! 👋
What are your thoughts on GOLD?
Gold remains in a strong uptrend, reflecting buyers' dominance in the market. However, at current levels, the risk of buying is high, and a price correction is likely.
The best approach in this situation is to wait for a pullback and enter at optimal levels for a better risk-reward ratio.
If the correction occurs and stabilizes at the identified level, the price is expected to rise at least to $3,000.
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取消訂單

Gold has registered a new high without a pullback, maintaining its strong uptrend. However, buying at these levels does not offer a favorable risk-to-reward ratio.
We will continue to wait for a correction or the formation of a solid support level to enter at optimal points with controlled risk.