XAUUSD

4 gün önceHello Traders!
What are your thoughts on GOLD ?
After several weeks of consolidation, gold has successfully broken through its previous resistance level and escaped its narrow trading range, hitting a new high. Given the recent momentum, it is expected that gold will set a new high next week after a brief correction.
A key point to watch is that gold is nearing the overbought zone, which increases the likelihood of a price reversal after reaching the new high.
Exercise caution when entering long positions, as the market may experience a correction after hitting new highs.
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As expected, gold recorded a new high this week and is expected to continue to grow until the specified target.