GOLD (XAUUSD) Daily Update !!!
Gold prices are showing resilience after finding support in the $2,725-$2,730 zone. The metal is currently trading near its minor resistance at $2,770, indicating potential for further gains. A breakout above this level could open the path toward the $2,790 mark, which remains a significant barrier. On the downside, gold may see a correction toward the $2,750-$2,745 region, but these levels are likely to serve as buying opportunities...
Selling pressure is likely to emerge near $2,770 if the price fails to break higher. However, given the strong support at lower levels, downside moves may be limited....
Selling pressure is likely to emerge near $2,770 if the price fails to break higher. However, given the strong support at lower levels, downside moves may be limited....
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