The price of gold surged in the North American trading session on Thursday, setting a new all-time high of $2,233 per ounce. This climb in the precious metal's value defies the rising US Treasury yields, bolstering the US dollar, and signifies strong investor demand.
From a technical perspective, the upward journey of XAU/USD is far from over. The 4-hour chart reveals that the precious metal continues its ascent above all its moving averages (EMA 34, 89).
Key levels to watch:
Support levels: $2,200, $2,185, $2,175.
Resistance levels: $2,222, $2,235, $2,250.
From a technical perspective, the upward journey of XAU/USD is far from over. The 4-hour chart reveals that the precious metal continues its ascent above all its moving averages (EMA 34, 89).
Key levels to watch:
Support levels: $2,200, $2,185, $2,175.
Resistance levels: $2,222, $2,235, $2,250.
Comment:
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
