A bull market is a sustained period of rising prices, typically defined as a rise of 20% or more from recent lows. In forex, it describes a currency or asset in a prolonged uptrend. Bull markets are driven by optimistic sentiment, strong economic data, or risk-on conditions. Traders profit in bull markets by buying (going long).
If XAU/USD rises steadily from $1,800 to $2,400 over six months as central banks increase gold reserves and inflation expectations rise, that is a bull market for gold. Long positions profit from this sustained advance.
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