Gold Spot / U.S. DollarUpdated Gold price today: Continue the old trend
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Today, gold continues to maintain a downward trend. At the time of writing, the price has temporarily halted trading at $1938, the lowest level in 4 weeks, near $1940. The precious metal is facing difficulties in increasing prices due to some policy makers from the Federal Reserve expressing support for further tightening.
XAU/USD is declining. In the coming time, based on the 4-hour chart, it may continue its downward slide below the price channel limit at $1920. A breakout above the descending channel will encourage buyers and bring higher profits for the day.
Support levels: $1945, $1933, $1923
Resistance levels: $1965, $1978, $1989
Today, gold continues to maintain a downward trend. At the time of writing, the price has temporarily halted trading at $1938, the lowest level in 4 weeks, near $1940. The precious metal is facing difficulties in increasing prices due to some policy makers from the Federal Reserve expressing support for further tightening.
XAU/USD is declining. In the coming time, based on the 4-hour chart, it may continue its downward slide below the price channel limit at $1920. A breakout above the descending channel will encourage buyers and bring higher profits for the day.
Support levels: $1945, $1933, $1923
Resistance levels: $1965, $1978, $1989
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Note
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The safety shelter of gold is weakening when the conflict in Gaza and Israel seems to have stabilized, not escalating.Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.