Gold enters a consolidation phase and trades below $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD limit its losses as investors refrain from taking large positions heading into the end of the holiday-shortened week.
Gold now buy 2625
Support zone 2650
Small sell
The 14- and nine-day EMAs at $2,631.40 and $2,627.44, respectively, act as the immediate support for the XAU/USD pair. A break below these levels could increase selling pressure, potentially pushing Gold toward its monthly low of $2,583.39.
Confirm signal buy