XAUUSD

Hello traders ,what do you think about GOLD? Gold is currently positioned in a sensitive area and has reached its historical peak for the fourth time. Considering that it is below a significant resistance area and is in an overbought zone, a short-term correction is expected. However, the overall trend remains bullish. Keep in mind that this is a weekly analysis and requires time for completion
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Kommentar:

Gold broke its historical high and set a new high at 2146, but is currently trading below 2100. The risk of buying in this range is high, so we're waiting for further market correction before entering a buy position

Kommentar:

As anticipated, gold entered the correction phase and reversed its upward trend during the Asian session. Subsequently, the $2000 level appears as an attractive entry point for buying, pending further confirmation.