XAU/USD: Breakout or Upcoming Correction?
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!
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!
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.