#GOLD has strongly broken through the 4,300 psychological barrier and is currently trading at $4,309, with its intraday gain expanding to +1.52%. The market is currently in an extremely bullish phase of accelerated upward momentum. It is not currently recommended to chase the rally and go long at the current price. Although the long-term uptrend is extremely strong, the short-term rally has been excessive and the price has deviated significantly from its moving averages; chasing the rally at this point carries a very high risk of being “shaken out” at elevated levels. A more prudent strategy is to wait for a technical pullback before seeking opportunities to buy on the dip. #XAUUSD #NFP $XAUT $XAU