A Next XAUUSD move in this week lets we see how the Gold will play.
Gold corrects from Friday's record $3,245 and moves back to $3,200 amid improving market sentiment and progress in trade talks. The price pared gains after a strong weekly rally, reacting to U.S. concessions on tariffs on Chinese electronics and China's pledges to boost economic stimulus. Additional influences come from the dialog between the US and Iran, as well as the anticipation of China's GDP and trade data for March. Despite the pullback, downside may be limited due to ongoing uncertainty.
Resistance levels: 3233 /3255/ 3280
Support levels: 3200 / 3170
A long heavy rejection we see 3165 after Gold very High and again Go to Top.
Gold corrects from Friday's record $3,245 and moves back to $3,200 amid improving market sentiment and progress in trade talks. The price pared gains after a strong weekly rally, reacting to U.S. concessions on tariffs on Chinese electronics and China's pledges to boost economic stimulus. Additional influences come from the dialog between the US and Iran, as well as the anticipation of China's GDP and trade data for March. Despite the pullback, downside may be limited due to ongoing uncertainty.
Resistance levels: 3233 /3255/ 3280
Support levels: 3200 / 3170
A long heavy rejection we see 3165 after Gold very High and again Go to Top.
Trade active
Almost Target Running
Trade closed: target reached
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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.