FX.co ★ XAU/USD, GOLD

Hello fans of the yellow metal! ???? Just a few words about gold and possible prospects in the near future. XAUUSD 4-hour timeframe based on high-low prices. On the four-hour timeframe, gold, located within the Expansion Model range, after a corrective bounce to the north from the level t2 at the price of 4853.96, continued its rise confidently surpassing the northern target, the nearest on this timeframe, namely 2target at the price of 5091.75. Next, we may well see a southern correction in gold, followed by a continuation of the northern trend towards the target range located at the 100% level at 5492.81 and 2target at the price of 5569.89, as indicated on the chart in orange color.

Let's wait for further developments.