Gold continues to search for new highs
Gold is currently experiencing a sustained upward trend, with prices being driven higher due to the recent recovery on Friday. The trend line is still in the process of forming, and there is an immediate resistance level at $2,070. If there is a breakout above this resistance level, it could propel XAUUSD towards a third peak formation, which is anticipated to occur along the trendline at $2,130.
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.