Yesterday, the #gold price pulled back to the 4450 level before rebounding into the 4540–4560 resistance zone. Current market patterns remain difficult to interpret definitively; the market could be forming a top, yet the possibility of a further surge to lure in—and trap—bulls cannot be ruled out.
Should the price decisively break through the 4540–4560 range without undermining the bullish structure, it is highly likely to advance toward the 4600–4800 levels.
#XAU/USD##EUR/USD##USD/JPY#
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