GOLD go to new highs with elliot waves

At the beginning of this week, gold prices attempted to rebound due to political concerns in the U.S. However, its gains did not surpass the resistance level of $2,412 per ounce before retreating to the support level of $2,384 per ounce, the lowest in two weeks.

The initial gains this week were driven by a technical rebound following a nearly 2% drop in the previous session, supported by a weaker Dollar.