XAUUSD Chart — Gold Spot US Dollar Price — TradingView (2024)

Today's Gold Price Update: A Continued DowntrendGold prices today continue to face downward pressure, currently trading around $2314 , losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session.Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recover

XAU/USD : Potential Upside After Reaction to Key Demand ZoneBy analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295.As previously mentioned, the

USD Strength and Bond Yields: Will They Crush Gold's Uptrend?Greetings, fellow traders and gold enthusiasts! Join Rena in exploring the gold price (XAU/USD) trend predictions for today!Currently, gold is hovering around the $2,320 USD/ounce mark, following a dip triggered by China's announcement to halt its national gold reserve accumulation.Today's trend

Gold price still decreased at the end of the sessionHello everyone!Today, we continue to see gold trading around the crucial psychological level of $2300.This movement was anticipated as gold approached the $2300 level to gather new momentum from this support zone. However, following the latest announcements from the Federal Reserve (Fed), gold ha

GOLD → Price range. Test of resistance before the news FX:XAUUSD is testing trend resistance. The struggle continues, but on the background of strong dollar the price can test the minimum or even update it. The news is coming and the market may go flat. GOLD is testing the strong resistance area 2304 as well as the pullback level 2314.7, forming a

Gold price today:Waiting for a new selling opportunity from FOMCHello everyone,In today's trading session, gold has seen a slight increase. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting, starting this morning (June 12), could push gold prices down.While demand from bargain hunters has boosted gold prices, the

Gold price today: Costed the price of 2300 USDThe current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors:

Will the upward trend continue?Today, international gold prices are trading around $2,330 USD/ounce, up slightly from the previous session. This price increase is mainly due to expectations for US inflation reports and current geopolitical tensions.If inflation data is higher than expected, gold demand could increase due to con

Gold lacks upward momentum in the new dayDear traders! XAUUSD is consolidating above the $2308 level, but at the same time a descending wedge is forming. Theoretically, the price should break the support, which would constitute a breakout at the 2308 level.On H1, the support level 2308-2308 formed and the price has been pressing towards

Gold is currently in a short-term recovery phase. Gold is currently undergoing a short-term recovery phase following news related to the Middle East conflict and last week's Consumer Price Index (CPI) data. In the current session, we are looking to sell gold when the price returns to 2333-2334, targeting 2320.Technical analysis indicates that