๐จ $XAU Update! ๐จ
Gold ($XAU ) is pulling back sharply from its record highs above $5,000! ๐
After a massive rally driven by safe-haven demand, profit-taking is in full swing
Short-term: Bearish correction. ๐ด
Look for short opportunities on minor rallies.
Long-term: Still bullish! ๐ข
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
Trajne ter. pog.
4,715.46
-3.46%

PAXGUSDT
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4,721.64
-2.92%