Gold Price Today: Struggling to Break Free!
At the start of Tuesday’s trading session, gold (XAUUSD) is hovering around $2,646, with a modest increase of 0.17% on the day. However, the precious metal lacks strong momentum, as the U.S. jobs report exceeded expectations, dampening hopes of a significant rate cut by the Federal Reserve. This has driven up U.S. Treasury yields and strengthened the USD, putting downward pressure on gold prices.
From both a fundamental and technical perspective, a further decline in gold could be expected, especially if it reacts to the trendline or resistance levels. A selling strategy could be considered if sellers capitalize on the price correction influenced by the 34 and 89 EMA indicators.
From both a fundamental and technical perspective, a further decline in gold could be expected, especially if it reacts to the trendline or resistance levels. A selling strategy could be considered if sellers capitalize on the price correction influenced by the 34 and 89 EMA indicators.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.