Gold Price Analysis: Key Resistance Levels Identified
This chart highlights the current price action of Gold Spot (XAU/USD) on a daily timeframe. The chart identifies two critical resistance levels: Target 1 at $2,721.37 and Target 2 at $2,789.73. These levels are potential price targets for bullish momentum following a Fibonacci retracement. The price is currently trading at $2,650.31, showing upward movement towards these targets. Traders may watch for breakout confirmation and volume to validate the continuation of the trend.
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