Gold
Last Friday’s move shifted the broader picture. What previously looked like a correction has now transitioned back into a trending phase after closing above 5000. For the two-wave correction to have completed, the curve should have rolled over last Thursday. Since buying resumed on Friday, the price could revisit the 5312 area. However, this pattern still does not justify calling for a new all-time high — such a scenario would require further consolidation and tightening first.
Resistance levels: 5,312; 5,625; 5,938; 6,250.
Support levels: 4,688; 4,531; 4,375; 4,062.
