XAUUSD surged, moving towards the next key resistance zone at 2400. It was another all-time high. On the daily timeframe, the market broke above the previous resistance zone, which became a support level. I think the perfect scenario would be pullbacks to a broken level, followed by a continuation of moving upside. Overall, I expect some pullback because it does not make sense to buy at the 2400 key level. If the market rolls back to the support level or previous high and then rejects, then we can look for buying confirmation. My goal is the resistance zone around 2420.00
📊QUICK FUNDAMENTAL LOOK
Gold was squarely aimed at its 17th record high on Friday, with prices surging past the $2,400 level as investors continued to watch geopolitical tensions and prospects for U.S. interest rate cuts.
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