XAUUSD Analysis 16-September-2024
We can expect profit taking after the sharp increases in Gold. Especially as long as the psychological threshold of 2600 is not exceeded, a pressure will be possible.
However, in the main picture, we expect the outlook to remain positive as long as it remains above 2530. Possible pullbacks in the short term may provide a buying opportunity.
| Resistance | 2600 | 2620 | 2650 |
| Support | 2550 | 2530 | 2500 |
