XAUUSD

Gold has refreshed its new peak level at 4381 and continues to hold above the 4275 level. In the technical outlook, our main scenario is for the positive trend above this level to continue. If the upward movement persists, the newly established 4379-4400 range can be monitored. In the alternative scenario, reactions coming from the 4164-4210 area can be observed in price movements below the 4275 level. In price movements that may occur below this range, a pullback is expected to deepen towards the 4090 level.