Gold (XAU/USD) is buying and selling at $2,733.78, up 0.52%, persevering with its upward momentum inside a well-defined channel. The rapid pivot level is at $2,724.37, and so long as costs stay above this degree, the bullish development stays intact.
The important thing resistance ranges to look at are $2,740.43, adopted by $2,754.01, which might result in additional shopping for if breached. On the draw back, rapid assist is at $2,714.17, with additional ranges at $2,701.82 and $2,689.16.
The 50-day EMA at $2,718.46 offers dynamic assist and reinforces bullish sentiment. Nevertheless, a break beneath $2,724 might sign a reversal, resulting in sharper promoting strain. For now, the upward development appears to be like sturdy.