XAUUSD is trading within the range of 3370-3270. Since the opening of the session, the price has lost its potential for further decline. There is no news on Friday, so after retesting the liquidity and support zone of 3283-3270, the price is likely to return to growth.
Gold stabilizes near $3,350, but growth is held back by the dollar
On Friday, gold held its ground after recovering, but further growth is limited by the strengthening dollar and hopes for progress in the tariff war negotiations...
Optimism about corporate earnings in the US and easing recession fears are supporting demand for the dollar. However, ongoing uncertainty in US-China relations is keeping interest in gold alive.
Markets are waiting for new signals from the White House and the Fed, which will determine the further movement of gold prices towards the end of the week.
Focus on supporting the trading range. A false breakdown of 3283-3270 could change the balance of power, leading to a rebound or growth.
Resistance levels: 3314, 3342, 3370
Support levels: 3283, 3270, 3244
There is no news today, except for the unpredictable Trump and the general situation with the tariff war. Any speech or tweet could shake the market. However, after a neutral week, gold remained within the range, and the market is likely to keep the metal within the flat on Friday. Accordingly, I expect a rebound from support and growth to the intermediate resistance lines indicated above.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
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You❗️CAN and ❗️SHOULD make money in trading!
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🧿 Web: rlinda.com
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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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.