XAU/USD – Key Support and Upside Potential
Gold (XAU/USD) is showing a strong bullish structure, with prices recently bouncing off a major support zone around $2,660. This area, reinforced by the 200 EMA, has acted as a strong foundation for the next potential rally.
The chart highlights:
📌 Support Zone: Key demand area providing stability for a bullish continuation.
📈 Trend Channel: Prices moving within an ascending channel, signaling a steady uptrend.
🚀 Next Target: If momentum sustains, we could see a move toward the $2,720 level.
Stay cautious of any retracements, but the technical suggest the bulls are in control for now. Keep an eye on these levels for your next move!
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