Gold- New ATH after correction?
On Friday, 
XAUUSD climbed to a high of 2786, just 30 pips below the previous all-time high (ATH).
Currently, the price is in a corrective phase, which could present an opportunity for bulls to enter the market at more favorable levels.
Key confluence support lies around the 2740 zone, which could serve as an attractive entry point. A reversal from this area, followed by a break back above 2760, would indicate the end of the correction and signal the potential for a new ATH.
However, a daily close below 2740 would halt the bullish outlook and suggest caution moving forward.
XAUUSD climbed to a high of 2786, just 30 pips below the previous all-time high (ATH).Currently, the price is in a corrective phase, which could present an opportunity for bulls to enter the market at more favorable levels.
Key confluence support lies around the 2740 zone, which could serve as an attractive entry point. A reversal from this area, followed by a break back above 2760, would indicate the end of the correction and signal the potential for a new ATH.
However, a daily close below 2740 would halt the bullish outlook and suggest caution moving forward.
Zlecenie aktywne
Dips were aggressively bought again and Gold reversed and is trading near 2770.
Now the correction is probably over and the objective is a new ATH
Transakcja zamknięta: osiągnięto wyznaczony cel
New ATH at 2815 reached
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t.me/FanCryptocurrency
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