XAU/USD Tension Near $2,666 Resistance
The XAU/USD chart reveals a tense situation as gold prices fluctuate around $2,657.845, approaching the strong resistance zone at $2,666.553.
Buyers are attempting to break through this level to continue the upward momentum, but if they fail, there is a high likelihood of a correction towards the support levels of $2,637.993 and deeper at $2,626.631.
These are key support zones, essential in maintaining the current uptrend in the gold market. The EMA 34 and EMA 89 lines continue to provide strong support, helping to protect the current bullish trend.
The upcoming U.S. Non-Farm report will be a decisive factor, potentially causing a sharp reversal in the market. Investors should be cautious and closely monitor key signals from both the chart and the news.
Buyers are attempting to break through this level to continue the upward momentum, but if they fail, there is a high likelihood of a correction towards the support levels of $2,637.993 and deeper at $2,626.631.
These are key support zones, essential in maintaining the current uptrend in the gold market. The EMA 34 and EMA 89 lines continue to provide strong support, helping to protect the current bullish trend.
The upcoming U.S. Non-Farm report will be a decisive factor, potentially causing a sharp reversal in the market. Investors should be cautious and closely monitor key signals from both the chart and the news.
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