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XAUUSD 9.1.2025
General Trend:
Gold is moving within an ascending channel, forming higher highs and higher lows, reflecting continuous bullish momentum. Support at 2584 acts as a strong rebound area, while resistance at 2727 serves as a key level that could temporarily cap the upward movement.
Expected Scenarios:
Bullish Scenario:
If the price manages to break above the resistance at 2727, it could continue to rise toward the next targets at 2770.
Bearish Scenario:
If the price fails to hold above the resistance, it might retreat toward the support level at 2584. A break below this support could lead to further declines toward 2540.
Key Levels:
Resistances: 2727 - 2770
Supports: 2584 - 2540
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
