XAU Analysis


The overall bullish trend of XAU remains strong, currently consolidating at low levels to build a base, and the pullback is purely a shakeout.
Multiple positive fundamentals support the market, with easing expectations gradually heating up, and the downside space for gold prices is completely limited.
Technical support at the bottom is solid, bearish momentum is exhausted, and a rebound to the upside could start at any time.
Trading suggestion: consider going long around 4430-4460, with a target of 4560-4590; if broken, continue $BTC to look up to 4700.
XAU-1.28%
BTC-2.11%
ETH-1.02%
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