Gold is trading near $2,625 per ounce, consolidating below the key resistance of $2,654. While geopolitical tensions support demand, a strong U.S. dollar and rising bond yields limit upward momentum.
The $2,584 support level is critical; a break below may push prices toward $2,484, while a move above $2,654 could target $2,680. Traders should watch for a breakout from the current range for clearer direction.
The $2,584 support level is critical; a break below may push prices toward $2,484, while a move above $2,654 could target $2,680. Traders should watch for a breakout from the current range for clearer direction.
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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.