đź‘€ Possible scenario:
Gold prices fell 2.74% on April 23 after hitting a record high of $3,261, as President Trump softened his stance on trade tariffs, reducing demand for safe-haven assets. Markets also reacted to U.S. Finance Minister Bessent’s call for reciprocal tariff cuts with China to resume trade talks.
Looking ahead, traders await the U.S. Existing Home Sales report on April 24, which could impact gold—strong data may lift the dollar and pressure gold, while weak figures may boost it.
âś…Support and Resistance Levels
Support level is now located at 3,195.00 .
Now, the resistance level is located at 3,495,00
Gold prices fell 2.74% on April 23 after hitting a record high of $3,261, as President Trump softened his stance on trade tariffs, reducing demand for safe-haven assets. Markets also reacted to U.S. Finance Minister Bessent’s call for reciprocal tariff cuts with China to resume trade talks.
Looking ahead, traders await the U.S. Existing Home Sales report on April 24, which could impact gold—strong data may lift the dollar and pressure gold, while weak figures may boost it.
âś…Support and Resistance Levels
Support level is now located at 3,195.00 .
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.