I think
XAUUSD
has the potential to reach all-time highs at 2500, although a pullback to around 2300 wouldn't be a surprise since the market failed to close above the key resistance at 2400, which means there is always a probability of sharp bearish moves. Right now, the market feels overextended in both directions. I expect the sideways move to last for a bit and then look for buying opportunities to enter the market at lower levels. I think there is still room for growth.
XAUUSD
has the potential to reach all-time highs at 2500, although a pullback to around 2300 wouldn't be a surprise since the market failed to close above the key resistance at 2400, which means there is always a probability of sharp bearish moves. Right now, the market feels overextended in both directions. I expect the sideways move to last for a bit and then look for buying opportunities to enter the market at lower levels. I think there is still room for growth.