FX.co ★ XAU/USD, GOLD

It is worth noting that there haven't been any significant changes regarding GOLD, as the upward movement continues. On Friday, we managed to update the highs, but still failed to close above 4871. Today, we opened with a gap down and continued to decline. However, so far, there is no significant breakthrough as the entire decline has already been bought back, and the gap has not been filled yet. Nevertheless, there is pressure to the upside, and we are trading above 4800. However, I still don't see clear targets on either side. It is important to monitor the situation in the Middle East. Nonetheless, I am still looking south, and if we reclaim the level above 4871, I will sell there with a stop.