Gold Prices Remain Bullish: Will XAU/USD Break Resistance?
Gold (XAU/USD) continues to show an upward trajectory during the European trading session. However, it remains constrained below the $2,650 to $2,655 range, where it has struggled for the past two weeks. Recent US jobs reports have sparked optimism, boosting the likelihood of the Federal Reserve cutting interest rates in December. Lower US Treasury yields are providing additional support to gold prices, making them an attractive option for traders. As we monitor market sentiment, the critical question remains whether gold can break through the established resistance level to extend its bullish run. This situation shapes the investment landscape for both the short and long term.
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