Gold Spot / U.S. DollarUpdated WEEKLY SCENARIO FOR XAUUSD
The price is showing resistance near $2,570-$2,580 and support closer to $2,540, suggesting a possible test of these levels
The price has been in a consolidating downtrend recently, reacting to broader market influences such as the strength of the US Dollar and Treasury yields.
If bearish momentum continues, XAU/USD might test support near $2,530-$2,540. A reversal above $2,580 could indicate a shift toward a neutral or bullish correction.
This prediction is based on real-time technical analysis and is subject to market changes. Always monitor the latest data before making any trading decisions.
The price has been in a consolidating downtrend recently, reacting to broader market influences such as the strength of the US Dollar and Treasury yields.
If bearish momentum continues, XAU/USD might test support near $2,530-$2,540. A reversal above $2,580 could indicate a shift toward a neutral or bullish correction.
This prediction is based on real-time technical analysis and is subject to market changes. Always monitor the latest data before making any trading decisions.
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running 110 pipos from the area of 2593
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.