Gold's rally has been remarkable so far and current price action indicates that the rally is probably not done yet. So, XAUUSD may continue to rise to all-time highs in the next few weeks over global economic concerns.
At this point, there could be a pullback and consolidation though which should be considered a correction and not as a trend reversal.
So sellers must be careful about selling. Fresh buyers, on the other hand, must wait for a pullback to happen before buying.
@ProCFDTrader, just be coutions for than oversold area there's a big hand behind it I can clearly see when people start talking or analyses than you can ride it down
This is my work on XAUUSD