3 min readGOLD (XAU/USD):
As we begin the new year of trading, commodities like gold remain a fascinating asset class to monitor. At present, its price is trading just below $2,700.
A closer analysis of the technicals reveals several key areas of interest that might be tested at lower levels before the price resumes its upward movement. The first areas to watch, should the price decline, are the previous resistance zones near $2,450, as well as the internal ascending trend line, which aligns with the daily 50 EMA.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
