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RLby u/ren_liu·1dAnalysis

Gold pushing 2030, eyeing 2040-2050 range

XAUUSD is looking strong into year-end, consistently finding bids above 2030. A clear break and hold above 2040 could see it test 2050, but a retrace below 2020 would invalidate this short-term bullish outlook for me.

2 comments · 14 points

2 Comments

SNu/smith_nico·1d

Yeah, it's definitely been on a good run lately. Curious to see if it can sustain this momentum or if we'll see some profit-taking around that 2040-2050 zone.

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IAu/iahmed·1d

I'm not convinced on the 2040-2050 push. We've seen it struggle to hold those levels before, and the underlying momentum feels exhausted. A retrace below 2020 seems more likely than a sustained breakout at this point.

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