Gold (XAU/USD) is trading at $2,644.12, up 0.54% today. The price has managed to stay above the key pivot point at $2,635.26, supported by a bullish “Three White Soldiers” candlestick pattern, which often signals further upward movement. Immediate resistance is $2,649.77, followed by $2,659.34 and $2,672.36.
On the downside, immediate support is at $2,622.76, with deeper levels at $2,606.09 and $2,594.36. The 50-day EMA at $2,629.53 and the 200-day EMA at $2,623.08 are also strong support levels.
A sustained move above $2,649.77 could push gold toward the $2,659 range. However, if prices dip below $2,635, expect potential bearish momentum to build. Overall, gold’s outlook remains bullish above $2,635, with key resistance levels in focus for potential upside momentum.