XAUUSD

Hello traders ,what do you think about GOLD?During the New York trading session on Friday, gold experienced notable volatility following the release of key news. Initially, the price dipped but subsequently rallied, ultimately closing at $2,045. Currently, the price remains steadfastly above the identified support zone, suggesting potential for further growth as long as this level is maintained. Looking ahead, it is anticipated that after a minor correction towards the lower boundary of the specified channel and support range, the price of gold will resume its upward trajectory.
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It has corrected about 200 pips from the expected area. The correction is expected to continue until the specified support zone.

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About 150 pips from the activated area is in profit. Manage your trade

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First target reached