XauUsd- New day, new ATH?
Diupdate
So far, April has been the month for 
XAUUSD, with the yellow metal setting a new all-time high each day. (Even on April 4th, despite a red day candle, we observed an all-time high on an intraday basis.)
Even though the upward move appears overextended and a strong correction seems imminent, there are no indications suggesting we are on the brink of it at this point.
From a technical standpoint, the structure remains strongly bullish, and as long as the 2330-2335 zone remains intact, even short-term charts maintain a strong bullish sentiment.
In conclusion, I anticipate another all-time high, and only a drop below 2320 would hint at a potential top forming, at least for the time being.
However, bulls should exercise caution with stop losses, as a correction in XAUUSD could potentially be deep and aggressive.
XAUUSD, with the yellow metal setting a new all-time high each day. (Even on April 4th, despite a red day candle, we observed an all-time high on an intraday basis.) Even though the upward move appears overextended and a strong correction seems imminent, there are no indications suggesting we are on the brink of it at this point.
From a technical standpoint, the structure remains strongly bullish, and as long as the 2330-2335 zone remains intact, even short-term charts maintain a strong bullish sentiment.
In conclusion, I anticipate another all-time high, and only a drop below 2320 would hint at a potential top forming, at least for the time being.
However, bulls should exercise caution with stop losses, as a correction in XAUUSD could potentially be deep and aggressive.
Komentar
XauUsd cleared interim resistance and made a new ATH.Technicals suggests 2375-2380
Komentar
XauUsd has started to fail on tops.Correction is around the corner
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