Gold Price Analysis: Will XAU/USD Hold $3300 Support?
Gold (XAU/USD) is testing the $3300 support level amid US Dollar weakness and geopolitical tensions.
Our position book indicates many buy orders around $3300-3310, suggesting market participants are expecting further gains.
Lack of High-Impact US Data weighs on the USD and Aids Gold.
Gold prices have reclaimed the $3300/oz handle but there are growing signs of exhaustion as the precious metal looks to consolidate gains.
The rally has been spurred on by US Dollar weakness while haven demand returned overnight as Israel-Iran tensions escalated.
More info follow us @Eassy_trades
Gold (XAU/USD) is testing the $3300 support level amid US Dollar weakness and geopolitical tensions.
Our position book indicates many buy orders around $3300-3310, suggesting market participants are expecting further gains.
Lack of High-Impact US Data weighs on the USD and Aids Gold.
Gold prices have reclaimed the $3300/oz handle but there are growing signs of exhaustion as the precious metal looks to consolidate gains.
The rally has been spurred on by US Dollar weakness while haven demand returned overnight as Israel-Iran tensions escalated.
More info follow us @Eassy_trades
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