XAU/USD is climbing strongly, supported by two solid "fortresses" of EMA 34 and EMA 89, as buyers proceed cautiously after reaching a new peak amid mild overbought conditions.
The biggest challenge now is the resistance at $2632 – if breached, the bullish momentum could accelerate further, unlocking the potential to reach new highs.
The “winds” from upcoming economic data from the FED and key news from the US and Europe will be the “key” to determining the next direction.
Traders should be ready to seize opportunities: buy on the breakout or consider selling if the price pulls back for a correction!
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.