Friday Afternoon Gold Analysis
Gold successfully broke above the 4900 level; simultaneously, silver surged to touch the key 100 level, with both metals approaching high levels in the current phase. The 5000 integer mark is within reach, but the short-term technical correction risk has clearly increased. Caution is advised in trading.
Resistance levels: 4976, 5000 integer mark, 5061-5123 range
Support levels: 4935, 4915-4907 support zone, 4888, 4840
On the daily chart, gold shows a three-wave upward trend, but current momentum is waning. If the price cannot effectively break through the upper r
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