XAU/USD moves in an ascending channel and tests the 2790 resistance.

🐻 The RSI and MFI show a bearish divergence and leave the overbought zone, giving a bearish sentiment for the asset.

🥇 However, according to WGC, global gold demand in Q3 2024, taking into account over-the-counter transactions, increased to 1,313 tons (+5% y/y), which became a record for the quarterly demand indicator for the precious metal, so the middle- and the long-term forecast are still bullish.

xau #xauusd #usd #forex #gold