Gold could close the year in an optimistic tone

Before Christmas, XAUUSD established strong support around the 2610 level, maintaining this position even during the low-volume trading days typical of the holiday season.

Currently, the price is edging higher, approaching the key resistance zone of 2645–2650. A decisive breakout above this zone could lead to further gains, potentially allowing gold to close the year on a positive and optimistic note, possibly reaching or exceeding the 2700 level.

However, a break below the 2610 support would indicate a bearish shift for gold in the near term.