Gold Breaks 4700 — Is 5000 Now Inevitable?

Apr 8

Yesterday, following the two-week ceasefire announcement, Gold broke above the 4700 resistance zone and accelerated higher, reaching a high of 4860.

This move confirms once again that lately, Gold has been behaving more like a risk asset rather than a traditional safe haven.

The Key Question

Has Gold already made its move… or is there still more upside to come?

Why the Bullish Continuation Makes Sense
- The 4600 level has now clearly established itself as a strong floor, with multiple confirmed reversals — the latest one just yesterday.
- The structure IS clean and bullish, with momentum still intact.
- Breakout above 4700 shifts the market into continuation mode.

Trading Plan

As long as Gold holds above 4700, the path of least resistance remains to the upside.

Targets: 4950 → 5000
Support: 4700 (key level, but unlikely to be deeply retested)
Preferred approach: Look for buying opportunities on pullbacks, especially into the 4750–4770 zone

Apr 8

Trade active

The drop from the recent top is corrective