XAUUSD - 1H Pullback phaseXAUUSD has completed its third bullish leg, driven by the recent news of Iran's president's death.
Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction.
However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management strategies when trading against the prevailing trend.
Xauuds
Gold XAUUSD in the medium to long termGold in the medium to long term
I still see the possibility of continuing the current bullish wave to $1450 , especially with the negative pressure expected for the US dollar for the coming period with Fed is awaiting the next economic data and suspending talk about rate cuts
As well as current political tensions
Technically and measured on previous moves the 1450 area represents a Cluster of more than Fibo level and an important target for the current wave
The positive outlook remains valid as long as prices are above $1346