GOLD → Breakthrough of correction resistance. Uptrend

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GOLD → Breakthrough of correction resistance. Uptrend XAU/USD SpotFX:XAUUSDRLindaXAUUSD entered a correction phase after the Fed meeting and interest rate cut, but by the end of the week, the market managed to recover from the decline and return to the zone of interest, breaking through the resistance of the downtrend... The dollar is correcting after the Fed meeting on interest rates. The index is testing resistance at 97.5-98.0, and a false breakout of this zone could trigger a fall in the index, which in turn would only support the forex and gold markets... At this time, the metal is reducing its correlation with the DXY and breaking the resistance of the downward correction, which is provoking an impulse to 3685. Technically, Friday's trading session is closing quite positively, which generally indicates a high level of demand. I would highlight several key levels: the previously broken resistance at 3674 (below this zone there is a hidden liquidity pool) and resistance at 3685 (trigger). A retest of the lower level is possible before the price continues its growth. The target within the current movement can be considered 3700 - 3710. Support levels: 3674, 3668, 3660 Resistance levels: 3685, 3703, 3710 If, during the Asian/Pacific session, gold consolidates without a pullback and closes above 3685, the market may continue to rise towards the specified target. However, if the market lacks potential (after the weekend), then MM may test 3674 - 3668 before the price returns to growth towards the target of 3700. Best regards, R. Linda!