#XAUUSD(GOLD): Targeting $4970, Two Take Profits!

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#XAUUSD(GOLD): Targeting $4970, Two Take Profits! Gold Spot (XAUUSD)FXOPEN:XAUUSDSetupsfx_✴️ This analysis builds upon our prior assessments, where we initially projected a target of $4800, a level that has now been achieved. Following the attainment of our initial take-profit point, the price experienced a rejection and subsequent reversal. ✴️ The price then declined to the $4558 region before demonstrating a robust rebound. Currently, we anticipate a strong continuation of the bullish trend. Entry is recommended at the current price level, with a target of $4967. ✴️ We advise the implementation of stringent risk management practices when trading in the gold market. ✴️ Furthermore, significant news events are scheduled for today and tomorrow, which should be taken into consideration. We extend our best wishes for your trading endeavours. Team Setupsfx❤️🏆