FX.co ★ XAU/USD, GOLD

Hello traders, when it comes to GOLD, we are seeing a stable upward movement, with today's highs reaching above 4190. However, we have not been able to sustain these levels and keep trying to pull back and move lower. The situation seems a bit stretched, indicating a need for a more significant pullback. On the other hand, after Putin's statements, it was clear that we would continue moving higher, which happened today, but this is already priced in. Moreover, with Americans not actively trading and the end of the week and month approaching, there might be position closures. Overall, the situation is quite complex, but I do not rule out the possibility of reaching above 4200 and even 4212, although I will be cautious about selling at those levels.