XAU/USD

Title: Gold (XAU/USD) Technical Analysis

Subheadline: Gold Breaks Key Support, Advances Through Fibonacci Levels, Towards Ambitious Target

Overview:

The technical analysis of gold (XAU/USD) on a monthly chart reveals a break of the crucial support at $1389, followed by an advance through the key Fibonacci levels 0.38 to 0.81. This momentum has allowed the classic Fibonacci extensions of 1.272, 1.414 and 1.618 to be reached. The next technical milestone is set at 2.414

Res

Gold (XAU/USD) has shown bullish momentum by breaking through the key support at $1389 and following a precise technical structure based on Fibonacci retracements and extensions. The market has reached the Fibonacci expansion levels at 1.272, 1.414 and 1.618, confirming a target reached. The next technical step targets 2.414

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