FX.co ★ XAU/USD, GOLD

GOLD Gold prices continued to actively rise this week after a correction and almost managed to set a new historical high on Thursday, but fell just short. After that, prices retraced slightly, and the upward trend is expected to continue on Friday, so it is possible that the growth will persist after the weekend, potentially resulting in a gap to the upside. Regardless of the outcome, if a new historical high is established, there will be no point in considering buying on a pullback. However, if a decline occurs, buying around 4240 could be profitable with a target set at establishing a new historical high at 4381.40. Participating in such a move could be beneficial, but entering the market at the current moment is not advisable.