Gold prices continue to hold high amid profit-taking pressure
Hello everyone, let’s join in analyzing today’s gold prices!
XAUUSD is continuing its strong uptrend, currently trading around $2,659.
In the short term, the bullish momentum is clear, with the trendline, EMAs, and other technical factors all supporting buyers despite previous pressure. However, with the profit-taking resistance still intact at $2,670, buyers may significantly weaken, especially with today’s scheduled news, which could cause major volatility.
Traders might consider selling if the price forms a double top around $2,670, with a target of $2,625.
SELL GOLD: 2670 - 2672
STOPLOSS: 2675
TP: 2640 , 2625
Wishing you all successful trades and great profits!
XAUUSD is continuing its strong uptrend, currently trading around $2,659.
In the short term, the bullish momentum is clear, with the trendline, EMAs, and other technical factors all supporting buyers despite previous pressure. However, with the profit-taking resistance still intact at $2,670, buyers may significantly weaken, especially with today’s scheduled news, which could cause major volatility.
Traders might consider selling if the price forms a double top around $2,670, with a target of $2,625.
SELL GOLD: 2670 - 2672
STOPLOSS: 2675
TP: 2640 , 2625
Wishing you all successful trades and great profits!
Note
Gold price increased during the European session, approaching the old peak of 2670, buyers determined to have FOMO this week
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Publications connexes
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.