XAU/USD: Break Through Resistance at $2,666 or Pull Back?
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Two strong support levels at $2,614 and $2,624, protected by the EMA 34 and EMA 89, are helping gold maintain its upward momentum.
However, the key challenge lies at the psychological resistance of $2,666.527 – a critical gateway. If breached, the next target will be the high of $2,711.705.
But this climb won’t be easy! Economic data from the U.S. and key updates from the Fed could shift the landscape.
Traders, be ready – seize the opportunity to buy on the breakout or consider selling if the price pulls back. The battle between buyers and sellers is at its peak, which side are you on?
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