FX.co ★ XAU/USD, GOLD

XAU/USD Gold prices are not showing any correctional movement, and it seems that in the coming days we can expect a new breakthrough and the establishment of a new historical maximum. This means that a move above the level of 4381.40 is likely, and where this upward trend will stop, no one can say for sure. It is impossible to predict at the moment, as there are no more resistances above, and prices could rise to $4500 per troy ounce, $5000, or even higher. In any case, it is advisable to stay out of the market for now. Selling is definitely not recommended, as many are already doing, but buying at this point is also expensive. Setting a stop loss would require a large margin, and it doesn't make sense to do so before the level of 4165. This is a significant amount, so for now, it's best to just observe the metal from the sidelines.