Gold Spot / U.S. Dollar
Updated

Gold Keeps Searching for New Highs

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Hello everyone, what are your thoughts on XAUUSD ?

Gold continues to surprise us one move after another. As the new week opened, the precious metal recorded a historic breakout, trading near the $3,500 level amid ongoing global economic turbulence.

From a technical perspective, XAUUSD maintains a solid bullish structure, breaking past key resistance levels. The EMA 34 and 89 both confirm that there is still plenty of room for further upside. This rally not only reflects the market’s “gold hunting” sentiment but also opens major opportunities for traders who can catch the right wave.

So, how should we trade? At this sensitive stage, buyers may find it difficult to identify an ideal entry point. For sellers, no new top has yet been confirmed. That’s why it may be safer to wait for clearer signals—whether gold sets a new high or establishes fresh support. For short-term traders, make sure you set both SL and TP with a ratio of 1:1 or 1:2.

In addition, there are several news events this week and in the near future that could further impact gold’s trend. I’ll cover these in upcoming analyses, so stay tuned.

And you—what do you think about XAUUSD’s direction? Leave a like if you agree with my view, and drop a comment if you’d like to share your thoughts.
Good luck!
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