Gold (XAU/USD) is trading at $2,635.63, up 0.14%, and remains above the pivot point at $2,625.43. The 50-day EMA at $2,622.71 supports the bullish outlook, with a recent double top break indicating potential for further upside. The immediate resistance is at USD 2,642.00, followed by USD 2,659.11 and USD 2,678.29.
Sustained movement above these levels could open the way for more buying momentum. On the downside, $2,608.07 acts as immediate support, with deeper levels at $2,589.48 and $2,567.06.
Traders should keep an eye on the $2,625.43 pivot. Staying above that will keep you bullish, while a break below could trigger sharper selling pressure.