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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.