XAUUSD Update | Can Gold Sustain the Election Rally?Gold US DollarVANTAGE:XAUUSDazgoldtrader In our last update, we noted that as long as the 50 MA provided support, gold could target 3986 and higher. The 50 MA provided dynamic support, and gold rallied sharply after Democrats won control of both the House and Senate. The result weighed on the US dollar and Treasury yields, helping support gold. Price has since reclaimed 3986 and 4030. Gold is now trading above both moving averages, with 4090 the next level to watch. As long as 4030 holds, buyers may continue to push toward 4090. A confirmed break above 4090 could open the way toward 4143. If price falls back below 4030, watch 3986 for support. 📌 Key levels to watch: Resistance • 4090 • 4143 • 4203 Support • 4030 • 3986 • 3921–3848 support zone • 3798 👉 Let the levels guide you and wait for confirmation before taking an entry.