Gold Price Drops as Investors Take Profits
The XAU/USD chart presents an interesting market scenario, with gold currently hovering around $2,636.120.
Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines.
The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for new highs.
The breakdown of Middle East peace talks, weakening U.S. job market, a potential 0.5% rate cut by the Fed, and China's stimulus boost – these factors may drive gold prices higher in the future.
Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines.
The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for new highs.
The breakdown of Middle East peace talks, weakening U.S. job market, a potential 0.5% rate cut by the Fed, and China's stimulus boost – these factors may drive gold prices higher in the future.
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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.