XAUUSD Gold: After correction, a new ATH?The XAUUSD rose to a high of 2786 on Friday, only 30 pip down than the previous all-time high (ATH).
Bulls may be able to enter the market at more advantageous times because the price is currently in a correction phase.
The area around 2740 is a key confluence support and may be a desirable entry point. The end of the correction and the possibility of a new ATH would be signaled by a reversal from this region and a break back above 2760.
However, the positive view would be halted and caution would be advised going forward if the daily close fell below 2740.
