XAU/USD is climbing strongly, supported by two solid "fortresses" of EMA 34 and EMA 89, as buyers proceed cautiously after reaching a new peak amid mild overbought conditions.
The biggest challenge now is the resistance at $2632 – if breached, the bullish momentum could accelerate further, unlocking the potential to reach new highs.
The “winds” from upcoming economic data from the FED and key news from the US and Europe will be the “key” to determining the next direction.
Traders should be ready to seize opportunities: buy on the breakout or consider selling if the price pulls back for a correction!
The biggest challenge now is the resistance at $2632 – if breached, the bullish momentum could accelerate further, unlocking the potential to reach new highs.
The “winds” from upcoming economic data from the FED and key news from the US and Europe will be the “key” to determining the next direction.
Traders should be ready to seize opportunities: buy on the breakout or consider selling if the price pulls back for a correction!
Trade ativo
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.