Gold Stabilizes Below 2,300 USD Amid Market Fluctuations
Gold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level.
On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive of this trend continuation. The Relative Strength Index (RSI) remains above the 50 midpoint. Nonetheless, the risk of price decline persists if XAU/USD drops below $2,300.
On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive of this trend continuation. The Relative Strength Index (RSI) remains above the 50 midpoint. Nonetheless, the risk of price decline persists if XAU/USD drops below $2,300.
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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.