XAUNOW | Gold Rally Continues - Is $5000 The Next Destination?

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Gold moved exactly as expected once again and continued its bullish expansion all the way up to $4723. Right now, price is trading around $4705 after the recent push.

The next 4H candle close is extremely important here. That close could decide whether gold is preparing for another impulsive leg higher or entering a temporary correction phase first.

In my opinion, as long as Trump continues pushing the “peace narrative” and markets keep pricing in lower geopolitical risk, we could see massive upside continuation in Gold. Honestly, the $5000 target no longer looks unrealistic.

That said, before the real expansion starts, I still expect a correction somewhere between 300 to 550 pips. A pullback like that would be healthy for structure before continuation toward higher levels.

Key Reaction Zones:

Demand Area: $4640 – $4660
Potential zone to look for BUY setups if buyers defend structure.
Supply Area: $4720 – $4750
Potential zone to monitor for SELL reactions or short-term rejection.
Stay patient and let price confirm direction inside the zones.

Make sure to follow this analysis closely because I’ll be posting fresh Gold updates here every single day. Let’s track it step by step.

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