Gold is consolidating between 4120 and 4155. An hourly candle close above 4155 can take us to 4180, 4190 and 4200 next.
Be cautious and have a smaller position since Gold is a bit over-extended in the short term. However, it still has a bullish outlook in 2025 and 2026. Analysts indicate it will reach $5,000/oz by the end of 2026. I am watching signs for a correction within the next 2 weeks before another push higher. Corrections will be a great opportunity for buy setups.
Be cautious and have a smaller position since Gold is a bit over-extended in the short term. However, it still has a bullish outlook in 2025 and 2026. Analysts indicate it will reach $5,000/oz by the end of 2026. I am watching signs for a correction within the next 2 weeks before another push higher. Corrections will be a great opportunity for buy setups.
Note
trade in progressTrade active
4180 hitNote
moving rest of position to BETrade closed: target reached
target reached 4200
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.