Gold Soars Above $4,575 as Bulls Target $4,770 Resistance

Gold prices surged past $4,575 per ounce in early trading on [current date], driven by renewed safe-haven demand and a softer U.S. dollar.

The metal reclaimed the $4,650 level, with traders now eyeing the next resistance at $4,770, which represents a 38.2% Fibonacci retracement of the recent decline from record highs.

Technical analysts note that the break above $4,575 has opened the door for further upside, but caution is warranted as the overall technical picture remains bullish.

A sustained move above the $4,770 level could signal a test of all-time highs, while a failure might trigger a pullback toward $4,500.