👀 Possible scenario:
Gold (XAU) rose 0.45% on May 13 after U.S. inflation data came in softer than expected. Easing U.S.-China trade tensions briefly pushed gold down 0.4% to $3,234, but ongoing global risks and strong central bank demand continue to support prices.
On May 14, a quiet economic calendar keeps focus on trade developments and upcoming Fed speeches, which could trigger volatility in XAUUSD. If trade tensions ease further, gold may face downward pressure
✅ Support and Resistance Levels
Support level is now located at 3,195.00 .
Now, the resistance levels are located at 3,340.00 and 3,495.00
Gold (XAU) rose 0.45% on May 13 after U.S. inflation data came in softer than expected. Easing U.S.-China trade tensions briefly pushed gold down 0.4% to $3,234, but ongoing global risks and strong central bank demand continue to support prices.
On May 14, a quiet economic calendar keeps focus on trade developments and upcoming Fed speeches, which could trigger volatility in XAUUSD. If trade tensions ease further, gold may face downward pressure
✅ Support and Resistance Levels
Support level is now located at 3,195.00 .
Now, the resistance levels are located at 3,340.00 and 3,495.00
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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.