XauUSD - Turn on the increase after the decision of the Fed
Updated
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Currently, Gold is trading with a softer tone in the context of a better market sentiment, with XAU/USD currently around 1983 USD. Improved sentiment also limits the demand for the US Dollar, keeping this currency pair within familiar levels.
In terms of prospects, XAU/USD has seen little change for two consecutive days, not far from the recent peak of 2006 USD.
Gold may continue to decline in the near future but will need to surpass the weekly low at 1980 USD. This reflects the absence of buying pressure and highlights selling pressure.
Support levels: 1969, 1956, 1945
Resistance levels: 1989, 2006, 2018
Currently, Gold is trading with a softer tone in the context of a better market sentiment, with XAU/USD currently around 1983 USD. Improved sentiment also limits the demand for the US Dollar, keeping this currency pair within familiar levels.
In terms of prospects, XAU/USD has seen little change for two consecutive days, not far from the recent peak of 2006 USD.
Gold may continue to decline in the near future but will need to surpass the weekly low at 1980 USD. This reflects the absence of buying pressure and highlights selling pressure.
Support levels: 1969, 1956, 1945
Resistance levels: 1989, 2006, 2018
Trade active
Note
This pressured greenback has helped support USD gold pricing.Note
Trade closed: target reached
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