Gold Spot (XAU/USD) shows the price currently around 2508, with the market continuing to trade within an ascending channel. Key resistance levels are at 2527 and 2685, while significant support levels are at 2475, 2432, 2275, 2233, and 2177. The price is approaching the upper boundary of the channel near the 2527 resistance, suggesting a potential test of this level. A breakout above 2527 could signal further upside towards 2685. However, if the price fails to break through, it might retrace towards the support levels at 2475 or 2432.
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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.