FX.co ★ XAU/USD, GOLD

Hello traders, Everything is stable with GOLD as the confident uptrend continues. Today, new highs were reached again, surpassing 4245. However, it's premature to say that the price has firmly established above this level as there is still a struggle ongoing. Moreover, there are no clear immediate targets above this level from either side. The only expectation is further highs. Nevertheless, a significant pullback would be desirable before that. The continuous rise is not surprising given that gold remains a primary safe-haven asset and continues to be in demand. Personally, I am staying on the sidelines observing. However, if the price fails to hold above 4245, only then would I consider selling, at least within a pullback scenario.