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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