FX.co ★ XAU/USD, GOLD

Hello traders, today was quite fun and volatile with GOLD, but I only watched and didn't decide to enter, which was the right choice because there would have been a stop loss. It should be noted that there was a significant drop. We not only hit the nearest targets around 5093, but also went below 5000. Although we didn't consolidate there, we are now trading above 5100 and continue to rise confidently, essentially pushing north. Moreover, the main uptrend has not been broken yet. However, I don't see any clear immediate targets from either side. Nevertheless, I am not considering selling. Of course, we need to see how the day closes, but for now, it's all about the north. And if we drop below 5020 again, I will buy there, but only with a stop loss below today's lows.