With the way things are going with Gold, I see the possibility of Gold reaching out for the next psychological level at $2,400. However, there are still reoom for some deep correction and as such great caution is required to pay attention to price action that may suggest retracement especially with focus on the weekly chart.
If the metal ends up closing above $2,400 in the coming week, it is not impossible for us to see $3,000 in the long run.
Trade carefully and apply proper risk management
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