Gold Spot / U.S. Dollar
Short

Gold Market Analysis: Anticipating Key Levels and Trading Strate

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As of the latest insights, gold prices are experiencing fluctuations with a focus on key resistance and support levels. Currently, the target levels to watch are $2658 and $2666, with a potential buying opportunity identified at $2633.27.
Anmerkung
XAU/USD (Gold) indicates a clear downward pattern, particularly when considering 2685.33 as the fifth wave in the Elliott Wave sequence and 2624.52 as the starting point of wave 1 or A. This perspective suggests that Gold may be forming a zigzag pattern after potentially reaching support levels around 2674 or 2666.44, which could lead to a flat correction.
Anmerkung
If the triangle pattern for XAU/USD breaks downward, it could signify the beginning of a new bearish trend.

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