XAUUSD Analysis 13-September-2024

Following the upward breakout in Gold yesterday, we observed sharp increases. There were ups and downs between the 2480 and 2530 levels for about a month. We observed a band movement during this process. When the upper limit of the band, 2530 resistance, was broken yesterday, there was a $40 increase.
In the current outlook, we are watching 2580 as resistance. There may be a profit sale at this level. However, as long as it remains above 2530, the outlook will be positive and we may see buying demand in possible pullbacks within this scope.
The Fed interest rate meeting on Wednesday next week will also be important for Gold price.

XAUUSD Analysis 13-September-2024