Hello guys, discussion on XAUUSD

[Castrade]

Anyone here actively trade XAUUSD?
I want to discuss on this, maybe you guys can correct me if im wrong.
From what we can see is that the XAUUSD have reached its all time high after so long and currently at the peak at its Resistance. I'm actually a swing trader and i hold my position for a period amount of time. is it safe to say that i can sell my position?

 

[Fin_Trader]

As it turned out, this was far from the peak for gold and the price went even higher, since in a period of geopolitical instability and various military conflicts on the planet, gold is the most liquid asset in which most large global investors invest, so the price did not take long to go higher.

 

[ah10a22]

Yes, I actively trade XAUUSD. It's a volatile pair, and reaching an all-time high and in my opinion it will reach 2500.

 

[Fin_Trader]

Yes, I actively trade XAUUSD. It's a volatile pair, and reaching an all-time high and in my opinion it will reach 2500.

Judging by the trend of this pair and the constant updating of historical maximums, I think that in the near future it will be able to reach the mark of 3000.

 

[Fxzombie]

XAUUSD price volatility is high, in my view gold is still an option as a safe-haven asset amidst concerns about inflation due to the possibility of a trade war due to Trump's tariff policy in the long term.

 

[Fxzombie]

After several days of consolidation and gold drawing a new all time high of 2956, gold failed to extend gains and plunged yesterday to a low of 2888 and closed at 2914.

 

[Fxzombie]

Yesterday, gold received a positive sentiment due to the weakening USD; the dollar index fell to a low of 105,526, and gold reached a high of 2927. Today, there is important news from the ADP report that may influence the market.

 

[Fxzombie]

Yesterday's ADP report was much lower than expected, and the US dollar weakened against other major currencies, but this did not cause much of a spike in demand for gold. Now the price of gold is around 2916, still above the 2900 range.