Gold (XAU/USD) bounced off support at $2,971 and is now testing the $3,009 pivot. Price remains capped below the 50 EMA at $3,058. A break above this level could trigger a push toward $3,100 and $3,137. Failure to hold above $3,009 puts $2,941 back in focus. RSI is recovering but remains under 50, suggesting momentum is still fragile. Watch for a decisive move above $3,058 or a close below $2,971 for short-term direction.
📉 Summary: Potential buy above $3,058, sell pressure likely below $2,971.
📉 Summary: Potential buy above $3,058, sell pressure likely below $2,971.
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.
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.