Gold Spot / U.S. Dollar
Updated

Consolidation could lead to new ATH. Still wanted to sell though

532
Gold remains in consolidation, and a new all-time high could be on the horizon.
However, I still anticipate a significant correction.
For now, I'm staying out of the market, looking for opportunities to fade the current move, with the expectation of at least a 500-pip target.

Trade active
XauUsd has already made a new ATH as anticipated and those of you who considered the short term bullish scenario should be in good profit.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.