Gold (XAU) Every day Forecast: Will $2,608 Help Maintain Amid Greenback Power?…

Gold (XAU/USD) is buying and selling at $2,620.48, down zero.21%, because it hovers under a key pivot degree at $2,629.61. Fast help rests at $2,608.12, with deeper ranges at $2,589.60 and $2,566.78 if bearish momentum continues. Resistance is seen at $2,651.77, adopted by $2,678.56 and $2,704.69, the place sellers could problem additional positive factors.

The 50-day EMA at $2,648.12 and the 200-day EMA at $2,655.84 are presently capping upside makes an attempt, reinforcing a bearish short-term outlook. A break above the pivot might reignite bullish curiosity, concentrating on larger ranges.

For now, gold stays susceptible to draw back strain, however merchants ought to look ahead to any decisive strikes above $2,629.61 to substantiate a possible restoration.