XAUUSD

Current Situation Gold is testing a key resistance level at $2,484 per ounce. This level could determine the precious metal’s direction in the short term. Potential Bullish Scenario If gold breaks above $2,484, it could signal a continuation of the uptrend that began on October 6, 2023, at $1,810. Here’s what to watch for: What…

Recent movements in the gold market have caught the attention of traders and investors. Let’s break down the latest price action and explore potential scenarios for today’s trading. Recent Price Action Today’s Outlook If gold faces resistance below $2,433 today, we could see a downward movement targeting the $2,380 – $2,360 range. Key Levels to…

The precious metal Gold, represented by the XAU/USD pair, remains in an uptrend that commenced from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Over the next several weeks, the XAU/USD is expected to trade within a range, oscillating between the 2200 and 2431…