Hello everyone! Today i want to share some macro analysis with you!
$XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$
Technical Analysis: Bullish momentum for gold (XAUUSD) remains extremely strong, with the price hitting an intraday high of $4,433.94.
Gold is currently firmly above all moving averages, and every pullback to the MA5 or MA10 has turned into a rapid buying opportunity for bulls! The price has evolved from a base near 4,000, through a steady rise after breaking above 4,200, to the current accelerated phase of the main uptrend following the break above 4,400.
The overarching trend continues to adhere to the core principle of “buying on dips in the trend.” Avoid entering sell positions against the trend simply because you’re “afraid of heights” due to high prices!
Strategy: Buy: 4,415–20 TP: 4,480–4,490 Set SL according to personal preference!
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