Analysts: Gold is still on track to move towards $2,500

(1) Market analyst Richard Snow wrote that gold retreated as tensions in the Middle East eased; (2) However, gold is trading above the 1.618% Fibonacci extension ($2360) of the main 2020-2022 trend, with a weekly close above this level reinforcing the solid rising trend and retesting all-time highs and possibly heading towards $2500 again