FX.co ★ XAU/USD, GOLD

Hello traders! Gold continues its northern rally. XAUUSD on the 1-hour timeframe based on high-low prices. On the hourly timeframe, gold, while continuing its northern trend, after breaking out beyond the AP MR (Expansion Model) and consolidating above the SR level of 4911.11, is currently trading around 4955.34. I do not exclude the possibility of a small southern price correction towards the previously surpassed trend AP MR area, after which the northern trend is expected to continue towards the nearest target level on this timeframe, formed around 4975.66.

Let's wait for further developments.