XAUUSD remained above the key support level of 3280 and is testing intermediate resistance. Against the backdrop of the dollar's decline, the metal has a chance to continue its growth...
Gold is trading in consolidation ahead of the Fed meeting minutes. Easing trade risks and the dollar's recovery triggered a correction from the recent peak of $3366. Against the backdrop of the dollar's correction, the metal is entering a phase of local rally and testing resistance at 0.5f
The Fed is maintaining a cautious tone, and the market is waiting for signals on interest rates. The escalation of the conflict in Ukraine and the threat of new sanctions from Trump did not cause significant concern in the markets. Investors are waiting for drivers
Resistance levels: 3322, 3348, 3363
Support levels: 3290, 3282, 3265
A small correction may form from 3322 before growth continues. The market is interested in liquidity in the 3348-3363 zone, and the price is likely to test this zone. However, further developments depend on the fundamental background. Rising economic risks or hints of interest rate cuts could support the price of gold.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.