Has gold peaked around $4300?
Many believe the current gold rally is over, and that $4300 is the current top. Do you agree?
From a technical perspective, gold is currently oscillating above the 1-hour MA20, seemingly in a corrective pullback after a rally. Strong support lies around $4220-$4225; a break below this area could open up further downside potential. Looking at the 15-minute chart, the MA20 and MA60 are showing signs of weakening, but there's still no clear downtrend.
Therefore, I believe continuing to trade following the current gold trend is fine. Short-term support is at $4240-$4250; we can look to buy gold in this area.