After spiking to multi-year highs above 1600, XAUUSD is in a correction phase.
However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543
Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.
However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543
Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.
