$XAU
XAU Today: Consolidation Before the Next Big Move? đâšđ»
Gold is currently taking a breather, consolidating within a narrow range after its recent volatility. The market is actively weighing the impact of lingering global inflation against the backdrop of central bank policies. Bulls are defending the critical support levels, while bears are capping any sharp upward movements.
A decisive breakout above the immediate resistance could trigger a fresh wave of bullish momentum, targeting the next psychological level. Conversely, a sustained drop below support might see us re-test lower zones. The long-term narrative of gold as a safe-haven and inflation hedge remains a key driver.
Is this the perfect accumulation phase before the next leg up, or are we in for further sideways trading? Watch the charts closely for a clear direction! What's your price target for XAU? Let us know below! đ đĄïž
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