🥇 Many are asking me to analyze gold, so here is my analysis:
So, gold has just made a powerful move 🚀 $XAU has exploded from the support zone 4333, printing a strong bullish momentum and breaking above the recent consolidation. This kind of sharp upward movement clearly shows aggressive buying and short position liquidation in the market.
After sweeping the liquidity from the lows, the price instantly recovered higher levels and now remains steady near 4380+, which keeps the bullish structure intact. As long as gold stays above the breakout zone, further upward movement remains very likely.
This movement is a classic example of smart money accumulation followed by expansion. Pullbacks to support may offer solid buying opportunities.
The trend is clearly in favor of the buyers. Manage risk appropriately and avoid chasing peaks; patience during pullbacks will be rewarded. Gold is not done yet.
$XAU #Alezito50x #GOLD
