Gold Pauses Before Continuing Its Climb


Gold is currently on a dramatic "adventure." After a sharp rise to 2,735 USD, it seems to be taking a break around the 2,727 USD support level, as if it's catching its breath before climbing further to new peaks in the 2,750 - 2,767 USD range.

The EMA 34 and 89 are providing solid long-term support. However, remember that the gold market can be unpredictable, and a “slip” could happen if strong resistance is encountered.

Traders should keep an eye on U.S. bond yields rising amid geopolitical tensions in the Middle East and the U.S. election.
buyChart PatternsGoldHarmonic PatternslongsetupSELLTechnical AnalysisTrend AnalysisXAUUSD

관련 발행물

면책사항