📈 Gold (XAU/USD) is heading towards $4,900 as the dollar declines
Gold continues to rise amid a weak US dollar and increasing demand for safe havens. Spot gold is attempting to stabilize above the significant resistance area of $4,890 – $4,900, a breakout of which could open the way towards the psychological level of $5,000.
Key points:
• The price of gold continues to rise and approaches $4,900 after strong gains.
• Silver is testing resistance near $95.50 – $96.00, while platinum also shows positive momentum.
• Forecasts suggest that if gold holds above $4,900, the next main target becomes $5,000.
Experts' view:
The upward momentum of gold is supported by the decline of the US dollar and continued demand for safe havens amid economic uncertainty. However, traders should monitor profit-taking near resistance and track pivotal levels to confirm continuation or a correction.
#SafeHaven #MarketForecast #Silver #platinum #GOLD
$XAG
$XAU
