Xauusd for next week target?

**The target for XAU/USD for next week** is expected to be in the range of $2,562 to $2,620. Here's a detailed analysis:

1. **Recent Performance**: Gold (XAU/USD) has experienced a significant uptrend, breaking above key resistance levels and setting new all-time highs. It reached $2,586, a high for the day and a new all-time high.
2. **Technical Indicators**:
- The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are not currently available. However, the fact that gold has broken above resistance levels suggests a strong bullish trend.
- The 10-Day, 20-Day, and 50-Day moving averages have caught up with price, indicating a consolidation of the uptrend.
3. **Support and Resistance Levels**: The current support level is around $2,381, and the resistance level is near $2,391. With the recent break above $2,391, the resistance has turned into support, which could lead to further gains.
4. **Market Sentiment**:
- The Federal Reserve's decision to set interest rates is a key factor influencing gold prices. Speculations of potential rate cuts have boosted gold prices as investors seek safe-haven assets.
- Geopolitical tensions have also driven investors towards gold, pushing prices upwards.
5. **Recent Developments**:
- Gold hit a new record high of $2,570, driven by prospects of lower interest rates and the non-yielding asset appeal of gold.
- The Federal Reserve is expected to announce its decision on monetary policy, which could influence gold prices further.
6. **Conclusion**: Given the strong bullish trend, the break above key resistance levels, and the positive market sentiment, the target for XAU/USD for next week is expected to be in the range of $2,562 to $2,620. However, it's important to note that financial markets are subject to change based on various factors, and actual prices may vary.