XAU/USD: Breakout or Pullback at Resistance?
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XAU/USD is "climbing" strongly, currently holding steady at $2622.235, shielded by two "barriers" of support from EMA 34 ($2585.142) and EMA 89 ($2558.524).
If a pullback occurs, the $2579.829 zone will be a key "anchor." But don't overlook the resistance at $2655.663 – if this level is breached, it opens up new growth potential.
Of course, "winds" from the FED and economic news could quickly shift the landscape. Be ready: Buy on a breakout or sell if the price retraces back to support!
If a pullback occurs, the $2579.829 zone will be a key "anchor." But don't overlook the resistance at $2655.663 – if this level is breached, it opens up new growth potential.
Of course, "winds" from the FED and economic news could quickly shift the landscape. Be ready: Buy on a breakout or sell if the price retraces back to support!
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