#XAUUSD #gold
If gold prices break through and stabilize above 4200 as expected, there will be further upside potential. Bulls can wait for a pullback before considering a suitable entry point.
The recommended strategy is to buy on dips, focusing on the support level around 4175-4160, and the resistance levels at 4200 and 4245.
Monthly closing day: while the outlook is bullish, a potential technical pullback after the initial rise should be anticipated. Overall, the trend remains bullish.
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