Gold is currently supported by the weakness in the US Dollar, driven by rising trade tensions. The U.S. tariffs on steel and aluminium are coming into effect today, and President Trump's ultimatum to trade partners is set to expire, increasing uncertainty in global markets.
From a technical perspective, there is a possibility of a false breakout near the 3366 level. If this level fails to hold, gold may test the 3370 liquidity zone, where significant buy-side interest could emerge.
Resistance zone 3400 / 3420
Support Levels 3365 / 3350
you can find more details in the chart Ps Support with like and comments for more better analysis Thanks Traders.
From a technical perspective, there is a possibility of a false breakout near the 3366 level. If this level fails to hold, gold may test the 3370 liquidity zone, where significant buy-side interest could emerge.
Resistance zone 3400 / 3420
Support Levels 3365 / 3350
you can find more details in the chart Ps Support with like and comments for more better analysis Thanks Traders.
Trade closed: target reached
1st Target done
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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.