The chart shows the Gold Spot price against the US Dollar (XAU/U
Around $2,000: This level acted as a significant psychological Support in the past. After breaking through it, gold experienced a strong rally.
Around $3,000: This is the next major resistance and a psychological target for the current uptrend.
Current Trend:
Gold is in a clear uptrend, with higher highs and higher lows visible on the monthly timeframe. The price appears to be testing or approaching the $3,000 level, indicating strong bullish momentum.
Around $3,000: This is the next major resistance and a psychological target for the current uptrend.
Current Trend:
Gold is in a clear uptrend, with higher highs and higher lows visible on the monthly timeframe. The price appears to be testing or approaching the $3,000 level, indicating strong bullish momentum.
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