Gold (XAUUSD) price is showing a mixed movement today, holding steady near $2,470 per ounce. Traders are closely watching the $2,480 resistance level. If the price breaks above this point, it could move quickly towards $2,500, creating a strong bullish trend. On the other hand, failure to break this resistance may lead to a downward move towards $2,455 and below.
Important Levels to Watch:
Resistance Levels: $2,480 / $2,495 / $2,500
Support Levels: $2,455 / $2,440 / $2,430
Market Sentiment: Currently sideways to bullish, but breakout confirmation is necessary for strong buying signals.
Today’s Trading Strategy:
🔸 Buy above $2,480, Target: $2,495 to $2,500
🔸 Sell below $2,455, Target: $2,440 to $2,430
🔸 Always use stop-loss for risk management.
Best Trading Sessions (Pakistan Time):
London Session: 12 PM – 4 PM
US Session: 5 PM – 9 PM
Final Advice:
Wait for the breakout from key levels. Don't enter the trade without confirmation to avoid losses. Today could be a turning point for gold prices if resistance breaks.
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