The XAUUSD pair, which represents the price of gold in relation to the US dollar, shows a trend highly influenced by current geopolitical conflicts. A simple view of XAUUSD movement where the pair has to seek liquidity to follow the trend. Commenting on this and giving me your opinion would be very helpful.
Fear lurks around the support levels; let everyone draw their own conclusions.
The price of gold has experienced a significant increase recently. Although the sentiment is bullish, I believe there could be a downside movement due to the current geopolitical environment. We might see a rebound around 2305, followed by a downward movement. However, it is crucial to enter with caution and set very tight stops, as we are in a high-volatility...