XAUUSDGC1! The five-wave upward movement in gold has been completed. Next, we expect a period of consolidation around 3130, forming a short-term top before a potential pullback. However, during this consolidation phase, there is a possibility of a price surge, though the probability is low.
Trading Suggestions:
For conservative traders: Avoid rushing into positions. It’s better to wait for a pullback and the confirmation of a secondary top before entering trades.
For aggressive traders: You may enter at the current price, but be cautious with your position sizing and leave room for potential additions.
Based on the magnitude of the previous upward movement, the expected retracement zone is around 3110-3096, where a minor support level may form.
Trading Strategy: 📉 Sell in the 3121-3131 range 📈 Buy in the 3105-3090 range
I believe many people have seen my buying masterpiece last week. Therefore, traders who follow my exclusive signal group have gained a lot, with the largest single-week profit exceeding 650%.
As for whether XAUUSD will sell at a high level or continue to follow the upward trend to go long, you can follow me, because whether it is selling or buying, the increase will definitely exceed $100/ounce. So next week's trading opportunities are very good. If you want to recover your losses, it is a good trading opportunity.
Traders who are not in my analysis circle yet. Remember to enter first, or leave me a message directly. Prevent missing epic and trading opportunities.
XAUUSD 
