Yesterday, although the ounce of gold rose by more than 1% during the day, it ended the session flat at the level of 2983, affected by the decline in global stock markets. This morning, despite falling stock markets and a sharp rise in U.S. bond yields, gold is experiencing buying demand. The ounce of gold has increased by approximately 1.5%.
From a technical perspective, the level of 3057 is considered a significant resistance. If the upward movement continues without a selling reaction at this level, the 3105 level may come into play. In case of a pullback, the levels of 3000 and 2973 emerge as successive support levels.
From a technical perspective, the level of 3057 is considered a significant resistance. If the upward movement continues without a selling reaction at this level, the 3105 level may come into play. In case of a pullback, the levels of 3000 and 2973 emerge as successive support levels.
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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.