XAUUSD Holds Strong Support: Breakout Target 2,523
Mis à jour
On the 4-hour chart, XAUUSD is currently in a strong support zone around 2,470 - 2,480, a level that has been tested multiple times in the past.
The downward trendline is acting as resistance, but there are signs of a potential breakout above this trendline.
The breakout target could reach 2,523, but it's important to note that the price may retest the support zone before moving higher.
If the price breaks above the resistance trendline, consider opening a buy position with a take profit target at 2,523.
At the moment, U.S. economic reports such as NFP data and FED speeches on interest rate policy are key factors directly impacting gold prices.
The downward trendline is acting as resistance, but there are signs of a potential breakout above this trendline.
The breakout target could reach 2,523, but it's important to note that the price may retest the support zone before moving higher.
If the price breaks above the resistance trendline, consider opening a buy position with a take profit target at 2,523.
At the moment, U.S. economic reports such as NFP data and FED speeches on interest rate policy are key factors directly impacting gold prices.
Transaction en cours
On the afternoon of September 4th, XAUUSD is under downward pressure as the USD strengthens following positive economic data from the U.S. Gold is currently hovering around the $1,930/oz support level, with potential to drop to $1,920/oz if this level is broken. Conversely, if it rises, the key resistance is at $1,950/oz. Investors should closely monitor upcoming news from the Fed and inflation data.
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