FX.co ★ XAU/USD, GOLD

GOLD 28/04/2024 Last week turned out to be corrective, and forum colleagues are already considering selling options. I believe that rushing with sales is not necessary, and in the current situation, one can look for favorable buying opportunities. On the four-hour chart today, the "Dragon" pattern caught my eye, with the tail forming. If this is not an optical illusion , it means that the rise could lead to the formation of a new high. Perhaps the correction or price decline is dictated by the situation in the stock market, or perhaps the geopolitical situation in the Middle East this week is more promising. However, from a market perspective, this is just a correction, and I consider the uptrend to be relevant. GOLD, H4, 28/04/2024