XAUUSD Analysis on H4 Timeframe for 17/10/2024

- Gold is currently at the resistance zone of 2685. The price is attempting to break out, and if successful, it will form a new high, moving up towards 2716 - 28xx.

- On the other hand, if the price fails to break out, the next support zone is at 2633, which would be a potential buying opportunity.