Gold (XAU/USD) is buying and selling at $2,663, down 1.60%, whereas testing key assist at $2,664.37. This pivot level intently aligns with the 50 EMA of $2,664.09, reinforcing its significance as an important degree for figuring out the following transfer.
If gold holds above this assist, a restoration may goal quick resistance at $2,684.45, with additional upside potential at $2,704.45 and $2,721.48.
Alternatively, a break under $2,664 may expose costs at $2,649.20 and presumably deeper assist at $2,634.75. The 200 EMA of $2,656.10 offers a further security internet, however continued promoting may set off additional declines in the direction of $2,618.60.
Merchants ought to preserve a detailed eye on $2,664: this can be a turning level for renewed bullish momentum or sharper losses.