#XAUUSD #GOLD
Last Friday, gold prices reached a new high, briefly touching around $4549, before retreating to around $4509. The fact that gold prices did not fall below the $4500 mark indicates that the bullish trend remains strong.
The key resistance level to watch is $4550. If this resistance level holds, the next target could be the $4580 to $4600 range. However, if gold prices break below this resistance level, a bearish divergence could occur, triggering a correction.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now