FX.co ★ XAU/USD, GOLD

Hello traders, Yesterday's trading day for gold (#GOLD) started off very well for buyers, and as a result of their organized growth, we were able to easily break through the resistance level at 4321. However, we couldn't sustain above this level, despite the relatively high volumes. In light of the subsequent decline and the reversal below the 4321 level, it appears to be an attempt to resume the entry of large sellers into positions. In conclusion, I still prioritize selling, so I will be waiting for another test of the resistance level at 4321 for gold (#GOLD) in the upcoming trading week. I expect a bounce off this level followed by a resumption of the decline towards the targets around 4240.