Let's talk about the upcoming levels and outlook for gold.
On the Zhima platform, you can buy and sell spot gold and contracts. I estimate that many beginners don't know this, so let me explain. Spot gold is
$PAXG , and gold contracts are
$XAU .
In this bull market, each time the price breaks below the parabolic structure, the average retracement is about -10%.
Therefore, the next phase of this trend could push up to around 5000.
Then, there will be another approximately -10% correction, followed by a push to new highs.
Having discussed the technical aspect of gold, let's now look at the funda