XAUUSD GOLD Weekly Analysis

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XAU/USD (gold), with the price potentially rejecting at the 2689 level. If the price starts to move lower, you're suggesting the first support at 2670.00 and the second support at 2650. This could indicate you're expecting a correction or pullback from the current resistance level.

To refine this outlook, it would be beneficial to monitor key indicators such as the Relative Strength Index (RSI), Moving Averages, and price action around these support levels for confirmation. Additionally, if the price fails to break through 2689, it might provide a strong selling signal.

Make sure to stay updated on major news events that could impact gold, such as changes in interest rates, inflation reports, or geopolitical developments.

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