Gold (XAU/USD) is trading at $2,328.99, up 0.04%. On the 2-hour chart, the pivot point is at $2,325.85. Immediate resistance levels are at $2,336.85, $2,345.35, and $2,355.14. Immediate support is at $2,318.83, followed by $2,309.68 and $2,300.67.
Technical indicators show the 50-day Exponential Moving Average (EMA) at $2,325.61 and the 200-day EMA at $2,328.23. The current trend is bullish above the $2,325.85 pivot point. A break below this level could trigger a sharp selling trend.