XAU/USD technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"After pulling back from the recent high of 3500.00, gold has been moving sideways in a range between 3270.00 and 3385.00. This shows that the market is currently in a state of indecision, with buyers and sellers fairly balanced. To break out of this range and start a new short-term trend, a strong move in either direction is needed.



If gold rises above 3385.00, it could lead to more buying and a push toward higher prices. On the other hand, if it drops below 3270.00, it might signal more selling and further declines. Until then, gold is likely to stay in this range as traders wait for clearer signals from economic news or global events."

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