XAUUSD: Bulls Reach Full Targets; Start SellingToday the bullish momentum remained very strong. First, the market reached our initial target at 4228–4232, then moved up to 4250–4260, and eventually even surged to 4285, completing the final 4280 objective.
However, after reaching this area, the strength of the bulls clearly began to slow. On the one hand, we are approaching the market close, and trading activity is naturally fading. On the other hand, today’s rise has already been substantial, and gold is approaching the key 4300 level, where bullish pressure becomes significant.
Therefore, I plan to begin positioning a base short position. If prices continue to rise into the 4290–4310 zone, I will continue adding to the position to capture a pullback opportunity. The initial target is around 4260, followed by 4250. If the price extends above 4300, these targets will be adjusted upward accordingly, for example toward the 4270 area.
