FX.co ★ XAU/USD, GOLD

On one hand, the situation with GOLD has not changed, as we still observe an upward movement. We continue to trade above 4160, and yesterday we even reached above 4220, although we didn't manage to hold above that level. It can be said that we are stuck in a range. Of course, gold remains the primary safe haven asset and still enjoys demand. However, after such growth, a more significant pullback is needed. There are hints that a correction may occur, although there are no clear targets to the downside. Since it's the end of the week today, there might be position closures. Overall, I am currently on the sidelines, but still looking south. Therefore, if we climb back above 4220, I will sell there, but only with a stop loss.