FX.co ★ XAU/USD, GOLD

Hello traders, On the daily chart, GOLD spent the second half of the trading week in a narrow range between the levels of 4700-4800. There is also a trendline nearby acting as resistance. Over the weekend, negotiations between the US and Iran regarding ceasefire conditions will take place. If they are successful, I expect the uptrend to continue towards the round level of 5000 and further towards the inclined level of 5100. This is where selling the asset will be of interest. I am not considering selling from current levels, as a bullish pin bar was previously activated on the weekly chart, indicating that the continuation of the price increase remains a priority.