Gold (XAU/USD) is trading at $2,649.83, up 0.22%, remaining above the pivot point of $2,643.40. This indicates a slightly bullish tone, with immediate resistance at $2,655.67 and further targets at $2,665.23 and $2,677.13. On the downside, support is at $2,634.74, followed by $2,621.48 and $2,610.79.
The 50-day EMA of $2,643.63 joins the pivot and strengthens support, while the 200-day EMA of $2,647.96 adds momentum to the uptrend.
A symmetrical triangle pattern indicates that a breakout, above $2,655.67 or below $2,643.40, will determine the direction. Traders should look for a decisive move to gauge the next trend.