Gold (XAU/USD) is buying and selling at $2,640.50, up 0.17% as patrons keep average management. On the 4-hour chart, gold is hovering round its pivot level at $2,641.08, an important stage for figuring out its subsequent transfer. Instant resistance is at $2,663.30, with stronger obstacles at $2,692.57.
On the draw back, help is agency at $2,614.22, adopted by a deeper stage at $2,583.80. The technical indicators are blended: the 50-day EMA of $2,633.79 helps a bullish near-term outlook, whereas the 200-day EMA of $2,641.41 is carefully aligned with the pivot, indicating potential consolidation.
Merchants ought to search for a sustained transfer above $2,641.08 to substantiate bullish momentum, whereas a decline beneath might point out renewed promoting stress.