Title: Technical analysis of Gold XAU/USD in 1W: Objectives achieved and bullish outlook🌟🎁🌼💪
Caption: Gold Breaks Key Fibonacci Levels, Reaching New Highs🌟🎁🌼
Introduction: Technical analysis of Gold (XAU/USD) on weekly chart (1W) reveals significant movements and crucial technical setups. On April 16, 2024, a prediction based on the breakout of an AMD pattern suggested a bullish trajectory, with targets aligned with key Fibonacci levels. This analysis examines the milestones achieved by Gold through May 31, 2024 and anticipates upcoming targets.👍💪🌟
Summary: On April 16, 2024, a technical analysis of Gold (XAU/USD) predicted a bullish progression after the breakout of an AMD pattern. The Fibonacci levels of 0.38, 0.618, and 0.886 were the first crossing points. Forming another AMD pattern, Gold continued its rise, reaching the extension bars of 1.272 and 1.414. As of May 31, 2024, the target of the third extension bar at 1.618 has been reached, confirming the uptrend. The next target for Gold is the extension bar at 2.414, indicating a potential continuation of positive momentum in the market.🌼👍💪
