FX.co ★ XAU/USD, GOLD
Trader Journals:::
XAU/USD, GOLD
**GOLD** It's time for the medium term, yesterday I actually wrote about how the price could easily rise. What's happening in the world directly affects gold, and the fact that the dollar is strengthening, believe me, is temporary; soon it will sharply weaken. As for how gold will behave in the current situation, it's questionable, but in the meantime, I already have two sell orders from 5300 and 5350. There is profit there, set at 200 points, and I'll wait for the golden eggs to come, but I don't rule out that it could reach 5500 and 5600. Technically, on the H4 chart, the price has reached the levels of 5400 and 5450, and here the most interesting moment will be whether there will be a rebound or if we will continue higher. Although there is a chance to move higher without any issues.