XAUUSD H4 4 March 2024
XAU/USD, H4
Gold prices experienced a substantial surge, reaching their highest level since December. The
weakened dollar, influenced by the latest PCE reading aligning with market expectations and lower than the previous figure, contributed to the bullish momentum in gold. Investors closely monitored the ongoing ceasefire talks in Cairo, Egypt, amidst escalating tensions in the Middle East, adding an additional layer of complexity to the precious metal's movements.
Gold prices have broken above the uptrend channel and gained an early 2% in the last session,
suggesting that gold prices are trading with strong bullish momentum. Suggests the bullish momentum is strong.
Resistance level: 2088.00, 2118.00
Support level: 2068.80, 2049.90
Gold prices experienced a substantial surge, reaching their highest level since December. The
weakened dollar, influenced by the latest PCE reading aligning with market expectations and lower than the previous figure, contributed to the bullish momentum in gold. Investors closely monitored the ongoing ceasefire talks in Cairo, Egypt, amidst escalating tensions in the Middle East, adding an additional layer of complexity to the precious metal's movements.
Gold prices have broken above the uptrend channel and gained an early 2% in the last session,
suggesting that gold prices are trading with strong bullish momentum. Suggests the bullish momentum is strong.
Resistance level: 2088.00, 2118.00
Support level: 2068.80, 2049.90
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.
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.