Gold (XAU) Every day Forecast: Gold Eyes $2,678 Resistance in Upward Channel…

Gold costs (XAU/USD) are buying and selling at $2,662.82, up zero.96%, because the steel maintains its bullish momentum inside an upward channel. Holding above the pivot level at $2,650.80 underscores patrons’ management, with rapid resistance at $2,678.32 and additional targets at $2,698.38 and $2,720.74.

The 50-day EMA at $2,644.55 is offering near-term assist, whereas the 200-day EMA at $2,649.97 reinforces the bullish pattern.

On the draw back, important assist lies at $2,629.30, adopted by $2,607.51 and $2,589.60. The RSI stays elevated, signaling room for additional upside until overbought ranges are reached.

Sustained motion above $2,650 retains the concentrate on resistance ranges, however a break beneath may invite sharp promoting stress.