Gold continues to look strong amid ongoing corrections in U.S. interest rate expectations. The falling U.S. dollar is also supporting gold prices, as the greenback remains under pressure due to political uncertainty, budget concerns, and rising trade risks.
From a technical perspective, gold is showing signs of consolidation after a strong bullish run. The price is expected to test support near $2,330 (assuming "3330" was a typo), which could serve as a key level before any further upward momentum resumes.
If support at 3330 holds, gold may resume its uptrend, especially if macroeconomic headwinds for the dollar persist.
You may find more details in the chart Ps Support with like and comments for more analysis.
From a technical perspective, gold is showing signs of consolidation after a strong bullish run. The price is expected to test support near $2,330 (assuming "3330" was a typo), which could serve as a key level before any further upward momentum resumes.
If support at 3330 holds, gold may resume its uptrend, especially if macroeconomic headwinds for the dollar persist.
You may find more details in the chart Ps Support with like and comments for more analysis.
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Price hit Support and come back From 3328 to 3344 Buy Positron gave us 160 Pips 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.