"XAU/USD: Strong Demand Is Still Riding"

The XAU/USD is currently showing a lot of strength and is respecting the bullish trend that it has been on. Fundamentally, the demand for XAU is currently higher than the supply, which is being driven by a combination of factors such as DXY weakness, global events, and high inflation. Although there is an expanding demand potential for USD, it is still relatively weak at the moment. Many factors can push up the XAU price more, such as geopolitical tensions, inflationary pressures, and economic uncertainty. The price has the potential to grow from the current consolidation area again to the HH, indicating that there may be room for further growth in the near future. However, traders should still exercise caution and consider taking profit on the nearest HH for safety purposes. Overall, the XAU/USD appears to be a promising investment opportunity.

Targets:2000, 2011

"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"

XAUUSD

Trade active

Comment:

TP reached, I'm free risk this position

Trade closed: target reached