XAU/USD: Break $2,681 or Correction Ahead?

قبل ٣ أيامThe XAU/USD chart shows gold prices at $2,658.550, with strong support at $2,625.883.

The EMA 34 and EMA 89 lines at $2,643.962 and $2,599.944 respectively, are providing support for the upward trend.

The key resistance level at $2,681.255 must be broken for gold to continue its upward momentum.

If unable to hold, prices may correct back to $2,625.883. With an RSI of 54.63, the market is balanced.

Upcoming U.S. economic data and Fed speeches will be crucial in determining the next move.