XAUUSD has shown strong upward momentum recently, and several factors are supporting this move Weaker U.S. Dollar a declining dollar typically boosts gold prices, as it makes gold cheaper for non-dollar holders.
Ongoing debates over tax policy and debt levels in Congress create uncertainty. Investors tend to move into safe-haven assets like gold during such times.
Technical Breakout:
Gold breaking a one-week high may signal more bullish momentum if it holds above key resistance levels (3342 / 3372 area, depending on current charts).
Key resistance zones: 3342 / 3372
Support levels: 3290 / 3280
Would you like a short-term or long-term technical analysis chart or trade idea share in Comments.
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Ongoing debates over tax policy and debt levels in Congress create uncertainty. Investors tend to move into safe-haven assets like gold during such times.
Technical Breakout:
Gold breaking a one-week high may signal more bullish momentum if it holds above key resistance levels (3342 / 3372 area, depending on current charts).
Key resistance zones: 3342 / 3372
Support levels: 3290 / 3280
Would you like a short-term or long-term technical analysis chart or trade idea share in Comments.
Thanks for Supporting investors.
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Free Telegram Channel
t.me/+z0Nor_UdLmM2MTY0
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Related publications
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.