SasanSeifi|Gold Hits New Highs:Can the Bullish Rally Continue?
Based on recent price movements, 
XAUUSD has seen an increase in demand, pushing the price to $2,600 and setting a new ATH. Currently, the price is trading around $2,582.
In the short term, nearby support levels are between $2,564 to $2,560, and then $2,550. If the price fails to hold above the $2,573 level, we may see a minor correction with a pullback towards these support areas.
For now, the medium-term outlook remains more bullish, and after a consolidation phase, the price could potentially rise toward the $2,600 to $2,625 targets.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
XAUUSD has seen an increase in demand, pushing the price to $2,600 and setting a new ATH. Currently, the price is trading around $2,582.In the short term, nearby support levels are between $2,564 to $2,560, and then $2,550. If the price fails to hold above the $2,573 level, we may see a minor correction with a pullback towards these support areas.
For now, the medium-term outlook remains more bullish, and after a consolidation phase, the price could potentially rise toward the $2,600 to $2,625 targets.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
Trade closed: target reached
🚀🤑Movement According to the Scenario After Maintaining the Support Level of 2650.
DONE ✅
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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.
Related publications
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.