Gold's Rally Faces Key Resistance Amid Data and Tensions

In light of the data released yesterday and the persistent geopolitical tensions, gold, continuing its ascent, faces its initial resistance level at 2395, with the subsequent level being the range of 2405-2410. Considering that gold has not managed a 4-hour close above this range previously, the breakthrough of this level is deemed significant, with the third target at 2430 becoming apparent. However, in the event of profit-taking and the initiation of a correction, the first support level would be at 2378. If breached, the retracement would deepen, with 2365 serving as the second support level. Further downward movements below this level would lead to 2350 becoming the third support level.