XAUUSD H4 15 March 2024
🔖XAU/USD, H4🔖 15 March 2024
Gold prices extended losses and consolidated around after reaching record highs. Investors opted for profit-taking strategies while awaiting further catalysts before re-entering the market. Improved inflation data raised expectations for the Federal Reserve to delay rate cut policies, potentiallyn impacting non-yielding commodities like gold.
Gold prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might enter overbought territory.
Resistance level: 2175.00, 2265.00📉
Support level: 2100.00, 2050.00📈
Gold prices extended losses and consolidated around after reaching record highs. Investors opted for profit-taking strategies while awaiting further catalysts before re-entering the market. Improved inflation data raised expectations for the Federal Reserve to delay rate cut policies, potentiallyn impacting non-yielding commodities like gold.
Gold prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might enter overbought territory.
Resistance level: 2175.00, 2265.00📉
Support level: 2100.00, 2050.00📈
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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.