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🚨 XAU/USD Gold Signal Update: Is Gold Set to Break Through? 🚨
Gold prices (XAU/USD) are continuing their bullish momentum, pushing higher this week with the price hovering around $2782.74. The chart shows a series of strong upward moves, confirming a breakout pattern as gold reaches new heights, with recent support at $2733.69 and resistance at $2789.89.
🔑 Key Levels to Watch:
Support: $2733.69
Resistance: $2789.89
🔥 Gold is testing its next resistance level of $2800 – Will it break through?
As uncertainty in global markets rises and the dollar weakens, gold remains a safe-haven asset for traders. This upward trend could offer a prime entry point for long positions. Stay vigilant for a potential breakout above $2800, signaling a continued bullish run!
📉 For short-term traders, consider placing stop losses near support levels and target $2800+ for profit-taking opportunities.
Stay tuned for more updates!
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