Gold costs (XAU/USD) are buying and selling at $2,662.82, up 0.96%, because the metallic maintains its bullish momentum inside an upward channel. Holding above the pivot level at $2,650.80 underlines patrons’ management, with quick resistance at $2,678.32 and additional targets at $2,698.38 and $2,720.74.
The 50-day EMA of $2,644.55 supplies short-term assist, whereas the 200-day EMA of $2,649.97 reinforces the bullish development.
On the draw back, vital assist is at $2,629.30, adopted by $2,607.51 and $2,589.60. The RSI stays excessive, indicating there may be room for additional upside except the overbought stage is reached.
Sustained motion above $2,650 retains the give attention to resistance ranges, however a break under might result in sharp promoting stress.