From our previous outlook, gold has followed the optimistic scenario as expected. It reached the $4,000 and $4,050 targets and is likely to continue rising.

After the market turmoil caused by Trump’s comments on Friday about increasing tariffs on China, gold has strengthened again. Trading volume remains high and positive.

Gold is now hitting new all-time highs. If this uptrend continues and holds above 4060, the next possible targets are $4,100, $4,150, and $4,200.

However, since the U.S. market is closed today for Columbus Day, trading volume might be lower. If momentum slows down and gold drops below 4060 again, then it could briefly pull back to around $4,000 before continuing upward.

You may find more details in the chart!
Thank you and Good Luck!