XAUUSD

As long as the ounce of gold remains above the 2440-2450 region, the upward trend may continue and it may move towards the 2470 and 2482 levels. The 2470 level in particular plays a critical role in terms of continuing positive expectations. However, if it remains below the 2440-2450 region, negative expectations may come to the fore and pullbacks towards the 2431 and 2425 levels may be observed.