Core Viewpoint - The bullish trend for gold is expected to continue, with potential resistance levels identified at $4,664, $4,687, and $4,713, contingent upon a closing price above $4,643 [1] Group 1: Price Targets and Projections - A new high above $4,643 would enable gold to challenge resistance at $4,664, $4,687, and $4,713, with $4,687 being a significant target based on a 161.8% Fibonacci extension [1] - The long-term projection includes a target of $4,766, which corresponds to a 361.8% projection of a rising ABCD pattern connecting the 2018 low of $1,160 and the 2022 low of $1,615 [2] Group 2: Support Levels - Key support levels for potential pullbacks include the recent high of $4,550, the 10-day average at $4,514, and a minor swing high at $4,500, with the 20-day average at $4,554 serving as a critical support level [3] - As long as gold remains above the 20-day average on a daily closing basis, the bullish trend is expected to persist [3] Group 3: Market Strength Indicators - The recent pullback in October found support near the 38.2% Fibonacci retracement, indicating strong underlying demand for gold [4] - A breakout from a rising trend channel confirmed support at a price area similar to the 20-day average, suggesting a strengthening trend [4]