XAU/USD: Awaiting a Breakthrough at $2,720 or Correction?
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The XAU/USD chart on September 26 tells an exciting story of gold's bullish momentum. After hitting $2,661, gold is steadily advancing, shielded by two strong supports—EMA 34 at $2,540 and EMA 89 at $2,448.
These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing.
However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs.
Upcoming FOMC statements could significantly impact XAU/USD.
These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing.
However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs.
Upcoming FOMC statements could significantly impact XAU/USD.
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