🚨 $XAU Update! 🚨

Gold ($XAU ) is pulling back sharply from its record highs above $5,000! 📉

After a massive rally driven by safe-haven demand, profit-taking is in full swing

Short-term: Bearish correction. 🔴

Look for short opportunities on minor rallies.

Long-term: Still bullish! 🟢

This dip could be a golden opportunity for long-term accumulation.

Trade Idea (Short-term):

Entry (Short): $4,880 - $4,920

Targets: $4,750, $4,650

Stop Loss: Above $5,000

Keep an eye on the $4,550 - $4,600 zone for potential long entries if the correction deepens. Don't miss the next move in the precious metal!

$PAXG #XAU #GOLD #Forex #tradesetup #MarketUpdate

XAUUSDT

Perp

4,820.53

-1.25%

PAXGUSDT

Perp

4,841.41

-0.23%