Gold is currently experiencing a strong bullish trend. As long as the price stays above the current support level, traders may capitalize on the upward movement. The initial target is , with a break above it potentially leading to . The next target after that is . However, due to the strength of the rally, a short-term correction is possible. Trading against the current trend is risky, and waiting for a reversal signal is advised. Technical indicators support the short-term bullish sentiment, but a minor bearish correction is possible if the bullish movement becomes excessive.
GOLD – USD – Weekly
