XAU/USD is trading around $2,633, maintaining a bullish trajectory with significant gains from the previous year. The pair is supported by immediate levels at $2,628, with resistance near $2,637 and further at $2,641.
Technical indicators, including the RSI at 70.72 and a positive MACD divergence, suggest strong upward momentum, though the overbought conditions indicate potential for a short-term correction.
Technical indicators, including the RSI at 70.72 and a positive MACD divergence, suggest strong upward momentum, though the overbought conditions indicate potential for a short-term correction.
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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.