XAU/USD: Break $2,679 or Retrace?
The XAU/USD chart shows gold hovering around $2,649, with key support at $2,623 and $2,649.
The EMA 34 ($2,643.988) and EMA 89 ($2,607.307) provide strong support, maintaining the bullish momentum.
The main focus is on the resistance at $2,679. If the price breaks above this level, the upward trend is likely to continue.
However, if unsuccessful, gold may correct toward lower support levels.
The market is also awaiting key news from the U.S., which could significantly influence gold’s direction in the near future.
The EMA 34 ($2,643.988) and EMA 89 ($2,607.307) provide strong support, maintaining the bullish momentum.
The main focus is on the resistance at $2,679. If the price breaks above this level, the upward trend is likely to continue.
However, if unsuccessful, gold may correct toward lower support levels.
The market is also awaiting key news from the U.S., which could significantly influence gold’s direction in the near future.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.