The price of GOLD showed a significant increase today. We broke through the local resistance at 4660 and the price almost reached the next cluster of resistances around 4730. It is quite logical that we saw a pullback from this cluster downwards. It is not clear yet whether this pullback will turn into a deeper decline towards the 4660 level, for example, or if the price will break through this cluster after some consolidation. In any case, my priority is on growth and buying remains. In case of a breakout above 4730, I expect to see an active continuation of the uptrend towards the 4950-5000 zone. In this area, we have a strong diagonal resistance, and of course, a psychological level of 5000, from which we can consider short positions.
