Let's dive into the technical perspective for Gold prices:
🔍 Support Levels: If the price continues to decline, we might see some support near the $2,145-2,144 region. Further down, the $2,128-2,127 zone could be the next support level. If the decline persists, the $2,100 round figure is anticipated to act as a robust base for XAU/USD.
📈 Resistance Levels: On the upside, the $2,175-2,176 region is proving to be a significant barrier. However, if this barrier is breached, Gold could aim for a challenge towards the record peak around the $2,195 area. Breaking beyond $2,200 would signal a strong possibility of the uptrend continuing.
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