FX.co ★ XAU/USD, GOLD

XAUUSD The pair is trading in different directions today and is within an ascending channel on the H4 chart. The MACD indicator is in the positive zone, not giving any signals, while the MA arrow points upwards. In this situation, there is an opinion that buying remains a priority. In this case, the precious metal can be expected at the level of 4263.94, and after a breakout, it will move towards 4338.27. It is also necessary to consider a possible corrective movement around the level of 4180.11 before continuing to rise.