3 min readGOLD (XAU/USD):
Gold has broken through resistance and reached new all-time highs once again! For the first time ever, the price has surpassed $2,700. This is a significant milestone for the commodity, and there are no signs of the upward momentum slowing down anytime soon.
In one of my earlier articles, I noted that if we could break above the resistance level around $2,480 and hold it as support, which we did flawlessly, we would likely see strong upward momentum. Since breaking that level, Gold has gained nearly 10%, reaching new all-time highs. I’ll be keeping a close eye on the RSI indicator to see how price reacts around the key 70% level.
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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.
