XAUUSD BULLISH MOVE

לפני 4 ימים

XAUUSD The gold rally that has pushed the yellow metal to consecutive record highs in recent months is currently on pause as market conditions suggest overly optimistic expectations from traders, but according to one analyst, the current pullback is a welcome sight, and soon, it will serve as a springboard for the next upward movement.



“With the breakout above the resistance zone between USD 2,520 and 2,535, the gold price was able to ignite the next stage of its two-year rally on September 12th,” noted Florian Grummes, managing director of Midas Touch Consulting. “Prices quickly shot up to a new all-time high of USD 2,685 by September 26th. Since the end of June alone, the gold price has thus gained around USD 400.”