XAUUSD – Gold Technical Analysis
Factors such as geopolitical risks, investors seeking safe-haven assets, and increasing gold demand from central banks continue to support the gold market. Yellow metal is showing a positive trend in the morning session. If the upward movement continues today, the 2930 level and above the all-time high at 2950 are key resistance levels to watch. In case of a pullback, the 10-day exponential moving average at 2886 and the 20-day exponential moving average at 2850 can be considered important support levels.
Resistances: 2930 / 2950 / 2980
Supports: 2886 / 2850 / 2830
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