Gold rebound intact: 4,510 target in view
Gold rebounds off 4310 support, holding above 20-day SMA. Rising RSI signals momentum, but 50-day SMA break is needed to target 4510 & 200-day SMA at 4540. Risk: slide below 4250.
XM Group
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1h 7min ago
Overview: Gold prices rebounded off the 4,310 support level, holding above both its short-term uptrend line and the 20-day (SMA).
Momentum: The RSI reflects the market's recent upswing. However, MACD remains below its trigger line, continuing to signal the previous bearish wave.
Bullish Scenario: A daily close above the 50-day SMA at 4,334 would confirm an upside move toward the 4,510 resistance level, with a potential final target at the 200-day SMA near 4,540.
Risk: A breakdown below the 20-day SMA at 4,250 would cancel the current advance, shifting focus back toward the ascending trendline.
XM Group
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