Gold (XAU/USD) Surges Past 50% FIB – Is $2,000 Next?
📌 Key Breakthrough in Gold!
Gold (XAU/USD) has just blasted through the 50% Fibonacci retracement level, a critical discount zone where buyers historically step in. This breakout has triggered a wave of bullish momentum, pushing price towards key resistance levels.
🔎 Technical Breakdown:
✅ 50% FIB Breakout: Price has cleared this key retracement level, signaling strong buyer demand.
✅ Key Resistance Ahead: The $2,765 zone remains the next major hurdle—a breakout here could accelerate price toward $2,825.
✅ Support Zone: The $2,745 level serves as immediate support, acting as a potential pullback area.
✅ RSI Overbought? The RSI is approaching overbought conditions, meaning a short-term consolidation could occur.
✅ MACD Crossover Incoming? A bullish MACD crossover is forming, reinforcing the upward momentum.
⚡ What’s Next?
If gold holds above the 50% FIB level and breaks $2,765. with strong volume, a push toward $2,825+ could be in play. However, failure to hold this breakout could trigger a pullback to $2.700 or lower.
📊 Will gold continue its bullish run, or is a pullback incoming? Drop your thoughts below! 👇
🚨 This is not financial advice. Always do your own research before making trading decisions.
