FX.co ★ XAU/USD, GOLD

The stubborn struggle between market participants on the daily GOLD chart continues. Once again yesterday, buyers managed to hold the round support level of 4000. At the same time, the descending resistance from above is pressing on the price, there is no room left for maneuver, I’m expecting a resolution in the form of a strong impulsive move. It will probably happen at the beginning of next week. Maybe some important news or events will come out over the weekend. In short, the price is ready for a significant move. In case of a breakout downwards, I assume a drop towards 3750, where there is weekly support. In case of a breakout to the north, I see 4118 as the first target.