Gold (XAU/USD) Eyeing Key Breakout Above $2,500 Resistance
Gold is testing the crucial resistance at $2,500, which aligns with the upper trendline and 50-day EMA.
A successful breakout above this level could trigger bullish momentum toward $2,513 and $2,527.
However, failure to break above may lead to a pullback toward $2,482 or lower. Keep an eye on RSI as it approaches the 50 level, signaling potential strength.
A successful breakout above this level could trigger bullish momentum toward $2,513 and $2,527.
However, failure to break above may lead to a pullback toward $2,482 or lower. Keep an eye on RSI as it approaches the 50 level, signaling potential strength.
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