XAUUSD – Key Resistance Ahead in the Ongoing Bullish Cycle

[AIcash]

Although gold has been moving with weaker momentum compared to silver, it still remains firmly within its broader bullish cycle. The most important level ahead is the $4,400 zone, and a breakout above this area would confirm the beginning of gold’s next major bullish wave.

This upcoming move is also supported by the macro outlook and fundamental conditions, suggesting that a continuation to the upside is likely in the near future.

At the same time, the impact of global economic, political, and especially geopolitical/military developments on gold should not be overlooked, as they continue to play a crucial role in shaping its long-term trajectory.

[Abdul Khan]

Gold approaching major resistance—break or rejection will set the tone.