XAU/USD is trading around $2,633, maintaining a bullish trajectory with significant gains from the previous year. The pair is supported by immediate levels at $2,628, with resistance near $2,637 and further at $2,641.
Technical indicators, including the RSI at 70.72 and a positive MACD divergence, suggest strong upward momentum, though the overbought conditions indicate potential for a short-term correction.
Technical indicators, including the RSI at 70.72 and a positive MACD divergence, suggest strong upward momentum, though the overbought conditions indicate potential for a short-term correction.
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