Gold price today: Reversal to increase.
Today's gold price has experienced a slight upward movement, currently hovering around $2,657 per ounce, with an increase of 0.39%. According to the chart, the price broke above the key resistance level at $2,660. However, there is still a significant resistance around the $2,686 mark. A breakout above this level could lead to further bullish momentum, possibly pushing gold toward the $2,700 range.
Technical indicators suggest the market is consolidating around these levels, with the price moving above key EMAs, showing potential for further upside. However, a failure to sustain the momentum could bring the price back to the support zone near $2,636.
Technical indicators suggest the market is consolidating around these levels, with the price moving above key EMAs, showing potential for further upside. However, a failure to sustain the momentum could bring the price back to the support zone near $2,636.
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