GOLD - toward ATH

Diupdate
Generally, the direction is uptrend

Uptrend Side: Trading above 2701, and especially above 2711, will likely lead to further gains, reaching the new high of 2725.

Downtrend Side: However, a reversal below 2701, and especially below 2685 with the closing of a 4-hour candle, will initiate a bearish trend.

Gold prices rose in the European market on Friday, extending gains for the fourth consecutive day, trading above the $2,700 per ounce mark for the first time in history, driven by strong investment demand for gold bullion.

The precious metal is set to achieve its second consecutive weekly gain, amid the accelerating pace of monetary easing by major central banks, the upcoming U.S. presidential elections, and the escalating geopolitical tensions in the Middle East.
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