XauUsd- New day, new ATH?

9 באפר׳

So far, April has been the month for XAUUSD, with the yellow metal setting a new all-time high each day. (Even on April 4th, despite a red day candle, we observed an all-time high on an intraday basis.)
Even though the upward move appears overextended and a strong correction seems imminent, there are no indications suggesting we are on the brink of it at this point.

From a technical standpoint, the structure remains strongly bullish, and as long as the 2330-2335 zone remains intact, even short-term charts maintain a strong bullish sentiment.

In conclusion, I anticipate another all-time high, and only a drop below 2320 would hint at a potential top forming, at least for the time being.
However, bulls should exercise caution with stop losses, as a correction in XAUUSD could potentially be deep and aggressive.

9 באפר׳

הערה

XauUsd cleared interim resistance and made a new ATH.
Technicals suggests 2375-2380

9 באפר׳

הערה

XauUsd has started to fail on tops.
Correction is around the corner