Technical analysis by محمدرضا سرلک about Symbol XAUT on 5/5/2025

محمدرضا سرلک

As a financial advisor, I need you to translate the following message into Persian, ensuring accuracy and natural flow: "Following the market opening, gold prices have reacted to tensions, breaking through the downtrend line and rising to around $3320. Currently, given the strength of this upward movement, there is a possibility of further gold price increases, and it remains to be seen whether the recent correction has ended. This upward movement has occurred despite recent economic data from the United States indicating a slight decline in the consumer confidence index and continued concerns about inflation. On the other hand, with increasing tensions in some geopolitical regions, investors have again turned to safe-haven assets such as gold. This could lead to continued demand for the yellow metal in the short term. From a technical perspective, breaking through the resistance level of $3320 could be a sign of the end of the recent correction and the beginning of a new wave of ascent. If gold can maintain a consolidation above $3300, the next targets could be $3350 and then $3400. Conversely, if the price reverses and fails to consolidate, the important support level is $3280, followed by the key level of $3250. The market is now awaiting further investor direction in response to upcoming economic data and geopolitical developments."