đź‘€ Possible scenario:
Gold (XAU) has been trading in a narrow $3,260–3,360 range this week, lacking strong catalysts. Comments from U.S. Treasury Secretary Scott Bessent on April 28, highlighting positive trade proposals and China’s tariff exemptions, signaled easing tensions—but talks remain ongoing, with pressure on China to take further action.
The bullish trend in gold could persist, supported by safe-haven demand. Traders should watch for updates on trade tariffs and key U.S. data releases on April 29, including CB Consumer Confidence and JOLTS Job Openings at 2:00 p.m. UTC. Strong data may slow gold's rise, while weaker numbers could push XAUUSD above $3,350.
âś… Support and Resistance Levels
Support level is now located at 3,265.00 .
Now, the resistance level is located at 3,495,00
Gold (XAU) has been trading in a narrow $3,260–3,360 range this week, lacking strong catalysts. Comments from U.S. Treasury Secretary Scott Bessent on April 28, highlighting positive trade proposals and China’s tariff exemptions, signaled easing tensions—but talks remain ongoing, with pressure on China to take further action.
The bullish trend in gold could persist, supported by safe-haven demand. Traders should watch for updates on trade tariffs and key U.S. data releases on April 29, including CB Consumer Confidence and JOLTS Job Openings at 2:00 p.m. UTC. Strong data may slow gold's rise, while weaker numbers could push XAUUSD above $3,350.
âś… Support and Resistance Levels
Support level is now located at 3,265.00 .
Now, the resistance level is located at 3,495,00
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.
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.