๐Ÿšจ $XAU Update! ๐Ÿšจ

Gold ($XAU ) is pulling back sharply from its record highs above $5,000! ๐Ÿ“‰

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

Short-term: Bearish correction. ๐Ÿ”ด

Look for short opportunities on minor rallies.

Long-term: Still bullish! ๐ŸŸข

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

XAU
XAUUSDT
4,715.46
-3.46%
PAXG
PAXGUSDT
4,721.64
-2.92%