#xau, #On the long-term chart for gold, the analysis I shared yesterday is still valid. Today I’ll also look at the short term:

In the short term, we’ll track the 4265 peak and the 4163 low. If there’s an hourly close below 4163, the double top becomes active and it may test the 4098 level. 4098 can also act as support, and if buyers step in at this level, a move up toward 4265 may follow.

As long as it holds 4163 on the hourly, it can retest 4265. If there’s an hourly close above 4265, a rise toward 4382 may occur.