So if you're asking "What will XAU do now": Short term: Still bearish / correction in progress, could test $5,000 or even lower if USD momentum remains strong.
But in the bigger picture: Gold is still in a long-term uptrend ( from around $2,800 last year to over $5,500 ATH), so many see this as just a pullback to buy more.
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So if you're asking "What will XAU do now": Short term: Still bearish / correction in progress, could test $5,000 or even lower if USD momentum remains strong.
But in the bigger picture: Gold is still in a long-term uptrend ( from around $2,800 last year to over $5,500 ATH), so many see this as just a pullback to buy more.