3 min readGOLD (XAU/USD):
Gold appears to be finally breaking out of its consolidation phase as it nears previous all-time highs and approaches the internal resistance level just below $2,800.
A closer look at the technicals clearly shows that the price has been maintaining support along this internal ascending trend line, repeatedly trading toward and bouncing away from it over the past few months. I am particularly interested to see if the price can break through this resistance area, retest it as support, and sustain its upward momentum.
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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.
