Gold (XAU) Day by day Forecast: Threat-On Sentiment Pressures Costs Under $2,660…

Gold (XAU/USD) is buying and selling at $2,663, down 1.60%, because it checks key help at $2,664.37. This pivot level aligns intently with the 50 EMA at $2,664.09, reinforcing its significance as a essential degree for figuring out the subsequent transfer.

If gold holds above this help, a rebound might goal rapid resistance at $2,684.45, with additional upside potential at $2,704.45 and $2,721.48.

On the draw back, a break beneath $2,664 might expose costs to $2,649.20 and doubtlessly deeper help at $2,634.75. The 200 EMA at $2,656.10 gives an extra security internet, however sustained promoting might drive additional declines towards $2,618.60.

Merchants ought to watch $2,664 fastidiously—it’s a tipping level for both renewed bullish momentum or sharper losses.