Or / Dollar Américain
Short

XAU-USD

394
At Friday's close, the price of XAU surged to a high of 2088. Currently, market sentiment indicates that traders are inclined to engage in selling actions within the price range of 2088-2099. Consequently, the most ideal target amidst this bearish sentiment is approximately 2016.

This suggests a propensity to observe a decline in the price of gold from the recently attained peak levels. Traders are seeking opportunities to capitalize on the significant price increase witnessed earlier. By setting a target around 2016, they anticipate that the price will revert downwards towards that level.

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