👀 Possible scenario:
Gold (XAU) fell 2.23% on May 14, marking its fourth drop in six sessions, as easing global trade tensions and ceasefire talks reduced demand for safe-haven assets. Investors shifted to riskier assets after U.S. trade deals with China and the UK, and a ceasefire between India and Pakistan. Ceasefire talks in Eastern Europe on May 15 further pressured gold.
Upcoming U.S. data on Jobless Claims and PPI at 12:30 p.m. UTC may trigger more volatility, potentially influencing Fed policy and gold prices.
✅Support and Resistance Levels
Support level is now located at 3,115.00 .
Now, the resistance level is located at 3,340.00
Gold (XAU) fell 2.23% on May 14, marking its fourth drop in six sessions, as easing global trade tensions and ceasefire talks reduced demand for safe-haven assets. Investors shifted to riskier assets after U.S. trade deals with China and the UK, and a ceasefire between India and Pakistan. Ceasefire talks in Eastern Europe on May 15 further pressured gold.
Upcoming U.S. data on Jobless Claims and PPI at 12:30 p.m. UTC may trigger more volatility, potentially influencing Fed policy and gold prices.
✅Support and Resistance Levels
Support level is now located at 3,115.00 .
Now, the resistance level is located at 3,340.00
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.
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.