XAU/USD: Tension Mounts Ahead of Key Resistance
XAU/USD paints a dramatic picture as gold prices hover tensely around $2,653.840. After breaking free from a downward trend, the market is far from safe as it faces a solid resistance at $2,667.943—an impenetrable “wall” that, if not broken, could cause a swift reversal.
Buyers are battling fiercely to push the price higher, but one small slip could give sellers the chance to drive prices down to the critical support at $2,631.422. This support acts as the “last fortress” protecting the upward trend, and if breached, a sharp decline may follow.
Upcoming hot economic news from the U.S. could deliver a decisive “shock,” overturning every strategy in the gold market. Prepare for unpredictable swings ahead!
Buyers are battling fiercely to push the price higher, but one small slip could give sellers the chance to drive prices down to the critical support at $2,631.422. This support acts as the “last fortress” protecting the upward trend, and if breached, a sharp decline may follow.
Upcoming hot economic news from the U.S. could deliver a decisive “shock,” overturning every strategy in the gold market. Prepare for unpredictable swings ahead!
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