Gold can hit 2750 before continuing it's bearish reversal trend?
Gold prices climbed further, driven by escalating Middle East geopolitical tensions and a Wall Street selloff boosting safe-haven demand.
China likely acquired over five tonnes of gold in Nov, according to the PBoC report.
Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals.
XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum.
If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal.
Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend.
1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm
China likely acquired over five tonnes of gold in Nov, according to the PBoC report.
Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals.
XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum.
If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal.
Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend.
1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.