3 min readGOLD (XAU/USD):
Gold continues to show upward momentum, finding support along this internal ascending trend line.
A closer examination of the technicals reveals that price has established support within a former resistance area, now acting as support around $2,550.00. If the upward trend continues, I will be closely monitoring how price reacts to the resistance zone above, which also aligns with previous all-time highs (ATHs).
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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.
