XAUUSD analysis by the Mallicast team

The Mallicast team has provided their analysis of the global gold index on a 4-hour and short-term timeframe as follows: Initially, it is expected that the gold price will absorb all stop hunts around the liquidity zone of 2483.60. Following this, a strong upward movement is anticipated, pushing the price up to the level of 2531.744. This upward movement could indicate a renewed market confidence and a tendency for buyers to engage at higher levels.