XAUUSD: facts surrounding interest rates
Updated
The XAU/USD pair is experiencing a downward trend for the third day in a row. It reached a low of $1,902.80 during the American session. The US Dollar gained strength before the opening of Wall Street due to negative US data and upcoming statements from central bankers, leading to a risk-off sentiment in financial markets.
In the first half of the day, investors were optimistic, resulting in significant gains for high-yielding stocks. However, the US published a preliminary estimate of the May Goods Trade Balance, revealing a deficit of $91.1 billion, which caused a shift in sentiment. Additionally, Wholesale Inventories decreased by 0.1% in May, falling short of expectations.
Support levels: 1,903.00 1,888.10 1,870.15
Resistance levels: 1,920.80 1,933.50 1,9431.40
In the first half of the day, investors were optimistic, resulting in significant gains for high-yielding stocks. However, the US published a preliminary estimate of the May Goods Trade Balance, revealing a deficit of $91.1 billion, which caused a shift in sentiment. Additionally, Wholesale Inventories decreased by 0.1% in May, falling short of expectations.
Support levels: 1,903.00 1,888.10 1,870.15
Resistance levels: 1,920.80 1,933.50 1,9431.40
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