Watch Gold (XAU) Daily Forecast: Geopolitical Risks Boost Gold, But Strong USD Limits Gains Latest Gold (XAU/USD) Market News
Gold (XAU/USD) is buying and selling at $2,655.14, down 0.32% in these days’s consultation. The valuable steel has struggled to carry above its key pivot level at $2,654.56, signalling attainable downward force.
If the associated fee stays underneath this stage, gold may check quick strengthen at $2,648.91, with additional declines towards $2,643.26 and $2,634.93. However, a rebound above $2,661.66 would counsel renewed purchasing hobby, probably focused on resistance ranges at $2,667.72 and $2,673.17.
Technical signs are blended. The 50-day EMA at $2,653.19 supplies quick strengthen, whilst the 200-day EMA at $2,636.13 suggests a longer-term bullish bias. A decisive transfer above $2,650 is the most important to maintain bullish momentum, whilst a spoil underneath may cause extra promoting force.
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