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XAUUSD : Strong price increase

Or / Dollar Américain (OANDA:XAUUSD)  
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OANDA:XAUUSD   Or / Dollar Américain
Trend Analysis Chart Patterns Technical Indicators XAUUSD Forex SELL buy signal Gold goldidea
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trendanalysis chartpattern indicator xauusd forex sell buy signal gold goldidea
Hello everyone, it's Brian! As we kick off the new week, gold continues its sharp ascent. Currently, the precious metal is trading around $2438 USD, up nearly 1% for the day.

Gold's bullish outlook remains favored and highly regarded, especially after successfully converting the $2380 resistance level into new support. With no signs of peaking just yet, the upward trend still benefits buyers.

Using the extended Fibonacci tool, the anticipated profit-taking level is set around the $2476 USD mark, corresponding to the 1.618 extension as previously analyzed.
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