Gold Hits $2,770 Target – Will It Break Historical Highs Today?

Analyzing the 4-hour chart of gold, we observe that the price reacted to the expected levels of $2,755, $2,757, and $2,759 yesterday, followed by a strong breakout to hit our anticipated target of $2,770. Currently trading at $2,777, gold shows no signs of rejection or a significant pullback.

As the final trading day of the week unfolds, the big question remains: will gold surpass its previous historical high of $2,790? With today's growth reaching $2,780, it's just 100 pips away from breaking that record. The opening of New York markets could provide the decisive momentum.

A new historical high and even targets beyond $2,800 seem within reach! Stay tuned for updates, and don't forget to support this analysis with your reactions to keep the momentum going.

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Best Regards , Arman Shaban