Gold Surges Past $4,200: Next Target $4,400, 7 August 2026English 日本語한국어ไทย繁體中文ItalianoPortuguêsDeutschEspañolFrançaisGold can be expected to rise further to the next resistance level 4400.00 (former top of wave iv from the start of June and the target for the completion of wave 3). Gold broke resistance areaLikely to rise to resistance level 4400.00Gold recently broke the resistance area between the key resistance level 4200.00 (former multi-month support from March, which has been reversing the price from the start of July, as can be seen from the daily Gold below) and the resistance trendline of the daily Triangle from June. The breakout of this resistance area accelerated the active upward impulse wave 3 that belongs to the intermediate impulse wave (C) from the end of June. The subject matter and the content of this article are solely the views of the author. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.