RHB: COMEX gold futures may attempt to break through the $4,400 resistance level again next week

According to a report by Jinse Finance, RHB Investment Bank Bhd stated on Friday that as investors position themselves ahead of key US economic data, COMEX gold futures may once again attempt to break through the resistance level of $4,400 per ounce next week. If a breakout occurs, gold prices may continue their bullish trajectory toward the next resistance level at $4,500. If selling pressure intensifies, prices may fall back to the 20-day simple moving average. Currently, we maintain a positive trading bias.