XAUUSD H4 5 April 2024
🔖XAU/USD, H4🔖 5 April 2024
Despite a slight slowdown in bullish momentum, gold prices maintained near-record levels as global investors treated cautiously ahead of key economic data releases. Geopolitical tensions in regions like the Middle East and ongoing crises in Russia and Ukraine, coupled with a recent earthquake in Taiwan, continued to drive safe-haven demand for gold, further supported by a weakening US Dollar.
Gold prices are trading flat while currently testing the resistance level. Suggesting the commodity might trade lower.
Resistance level: 2290.00, 2305.00📉
Support level: 2280.00, 2260.00📈
Despite a slight slowdown in bullish momentum, gold prices maintained near-record levels as global investors treated cautiously ahead of key economic data releases. Geopolitical tensions in regions like the Middle East and ongoing crises in Russia and Ukraine, coupled with a recent earthquake in Taiwan, continued to drive safe-haven demand for gold, further supported by a weakening US Dollar.
Gold prices are trading flat while currently testing the resistance level. Suggesting the commodity might trade lower.
Resistance level: 2290.00, 2305.00📉
Support level: 2280.00, 2260.00📈
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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.