XAU
As gold approaches your 9 EMA spot line at 28.70 to 28.75, keep a close watch. If this level breaks, the next key spot line to monitor is 28.40 to 28.45, which appears strong due to:
✅ A solid support trendline
✅ The likely presence of the 20 EMA
Should this level fail to hold, we shift our focus to a major support zone at 2790 to 2800. This area is particularly strong because:
🔹 The 50 EMA aligns here, adding strength
🔹 It coincides with a previous high, reinforcing support
Step by step, these levels will guide the market’s movement—watch for confirmations and price reactions.
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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.