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XAU/USD: Break $2,681 or Correction Ahead?
Gold Spot / U.S. Dollar
Long
XAU/USD: Break $2,681 or Correction Ahead?
By Alicaa
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3 days ago
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3 days ago
The XAU/USD chart shows gold prices at $2,658.550, with strong support at $2,625.883.
The EMA 34 and EMA 89 lines at $2,643.962 and $2,599.944 respectively, are providing support for the upward trend.
The key resistance level at $2,681.255 must be broken for gold to continue its upward momentum.
If unable to hold, prices may correct back to $2,625.883. With an RSI of 54.63, the market is balanced.
Upcoming U.S. economic data and Fed speeches will be crucial in determining the next move.
buy
Chart Patterns
Gold
Harmonic Patterns
longsetup
SELL
Technical Analysis
Trend Analysis
XAUUSD
Alicaa
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