Xauusd long Target

Gold preserves its bullish momentum and trades near $2,580 after setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher.

Gold (XAU/USD) breaks out of its multi-week sideways range and surpasses the previous record highs of $2,531.

The precious metal has met its previous target at $2,550, generated after the original breakout from the July-August range on August 14, and now sets its sights on the next target at around $2,590.

Gold now sell support 2550
Resistance 2621
Confirm signal
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