XAUUSD at Resistance: Breakout or Pullback?
The XAUUSD chart shows gold striving to maintain its upward momentum from the support zone at 2,742.979. With the 89 and 34 EMAs providing solid support, prices are inching closer to the resistance level around 2,789.741.
This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend.
If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone.
Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend.
If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone.
Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
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