XAUUSD - Gold and target 2500 USD!
Today, gold prices are catching their breath in a corrective move, trading around the $2325 mark with a notable recovery of 0.43% for the day.
This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at 1.618.
I am eagerly anticipating a new breakthrough in gold prices following this adjustment period, with an eye toward reaching around $2500 in the near future. Stay tuned for what promises to be an exciting phase in the gold market!
This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at 1.618.
I am eagerly anticipating a new breakthrough in gold prices following this adjustment period, with an eye toward reaching around $2500 in the near future. Stay tuned for what promises to be an exciting phase in the gold market!
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