XAUUSD is currently fluctuating within a price box, showing weaker bullish attempts and failing to break above the nearest resistance zone. Selling pressure is mounting as price continues to be rejected at the top and is approaching the medium-term ascending trendline — a key support level.
On the news front, U.S. core retail sales surged, boosting expectations for a stronger USD, which in turn weighs on gold prices. However, a slight uptick in unemployment claims may help slow the dollar’s momentum.
If buyers fail to defend this critical support, the bullish structure risks being broken, potentially signaling a shift toward a clearer downtrend. On the flip side, the price box could still act as a consolidation phase before another bullish leg.
On the news front, U.S. core retail sales surged, boosting expectations for a stronger USD, which in turn weighs on gold prices. However, a slight uptick in unemployment claims may help slow the dollar’s momentum.
If buyers fail to defend this critical support, the bullish structure risks being broken, potentially signaling a shift toward a clearer downtrend. On the flip side, the price box could still act as a consolidation phase before another bullish leg.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.