The current gold chart is approaching a key resistance level, indicating that the bullish trend has been clearly established. The market ended the trading week without any major fluctuations, reflecting a positive atmosphere after the US Federal Reserve decided to cut interest rates by 50 basis points. This stability is expected to continue into the new week as investors continue to assess the impact of monetary policy and global economic factors.

Gold, which is hovering around $2,589, will soon face a challenge at $2,599. If it is overcome, gold will likely head higher, with the next target at $2,650. Early next week, attention will be on whether gold can maintain its upward momentum and whether any negative market movements will affect this process.