Core Viewpoint - The gold market is exhibiting bullish behavior, confirmed by a successful test of support levels and the significance of the 10-day indicator, indicating a short-term bullish trend if prices remain above this line [1]. Group 1: Support and Resistance Levels - The first anticipated support area for gold is confirmed, with the market showing strength above the 10-day average [1]. - A decisive breakout above the record high of $4,643 is necessary for continuation, with potential resistance identified between $4,664 and $4,721 [2]. - Fibonacci confluence indicates significant resistance at $4,713 and $4,721, suggesting a complex resistance area that could impact price movements [3]. Group 2: Momentum and Trend Analysis - Weekly momentum is slowing, with gold closing near or below the mid-point of the week's range at $4,578, indicating a potential stall in bullish momentum [4]. - Despite the slowing momentum, the bull trend remains intact as long as gold stays above the 20-day average at $4,466, with a confirmed weekly breakout above the prior high of $4,550 [5].