Gold Hit the First Target — Now $4,390 Decides the Next Move
As expected, gold reached the first target at $4,381.
However, price failed to break above the crucial $4,390 trading level on its first attempt and entered a short-term correction.
Despite this rejection, the strong bullish momentum seen over the previous hours suggests that another attempt to break $4,390 remains likely.
If buyers successfully push $XAU above $4,390 and price holds above this level, the bullish move could resume toward the second target at $4,417.
For now, $4,390 remains the key level separating a temporary correction from another bullish continuation.
Will gold break $4,390 on its next attempt and reach $4,417?
#GOLD
As expected, gold reached the first target at $4,381.
However, price failed to break above the crucial $4,390 trading level on its first attempt and entered a short-term correction.
Despite this rejection, the strong bullish momentum seen over the previous hours suggests that another attempt to break $4,390 remains likely.
If buyers successfully push $XAU above $4,390 and price holds above this level, the bullish move could resume toward the second target at $4,417.
For now, $4,390 remains the key level separating a temporary correction from another bullish continuation.
Will gold break $4,390 on its next attempt and reach $4,417?
#GOLD
