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#GOLD “Gold hit an all-time high today and the give target - 6 in few months back — which means it’s officially safer than arguing with your wife during a fight. Even the market knows when not to come down.” 😄💛
$XAU - – Weekly Technical Outlook
The weekly chart highlights a strong bullish breakout in gold, with price decisively clearing prior supply, now marked as “Supply Exhausted.” Momentum remains firmly upward as price consolidates above the Target-6 zone around 4,545–4,582, indicating successful absorption of selling pressure.
A monthly close above 4,547 is the key confirmation level for continuation. If sustained, the next upside objective is Target-7 near 4,880–5,014, representing the next major supply zone. On the downside, the 4,020–4,106 region remains an important support area. Overall structure favors further upside, with pullbacks likely to be corrective while price holds above the former breakout zone.