Gold prices are currently trading with a negative bias below their record high, due to a generally positive risk tone and a modest USD uptick, bolstered by bets for smaller Fed rate cuts and elevated US bond yields ¹. However, Middle East tensions, US political uncertainty, and an easing monetary policy environment might continue to support XAU/USD.
*Key Levels to Watch:*
- _Support levels:_ $2,721.20, $2,708.50, $2,698.60
- _Resistance levels:_ $2,732.70, $2,743.15, $2,758.40 ¹
The daily chart for XAU/USD shows bulls retaining control, with technical indicators resuming their advances around weekly highs after a modest downward correction ¹. The pair trades above bullish moving averages, with the 20 Simple Moving Average (SMA) currently hovering at around $2,670.
For the latest news, analysis, and forecasts on XAU/USD, you can check out our channel
ryan_trader
*Key Levels to Watch:*
- _Support levels:_ $2,721.20, $2,708.50, $2,698.60
- _Resistance levels:_ $2,732.70, $2,743.15, $2,758.40 ¹
The daily chart for XAU/USD shows bulls retaining control, with technical indicators resuming their advances around weekly highs after a modest downward correction ¹. The pair trades above bullish moving averages, with the 20 Simple Moving Average (SMA) currently hovering at around $2,670.
For the latest news, analysis, and forecasts on XAU/USD, you can check out our channel
ryan_trader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.