XAUUSD TODAY
My gold trading ideas:
The USD weakened on Tuesday, supporting gold's price increase, but not too significantly, gold still maintained its downward trend. The 1945 and 1915 support levels need to be retested as the recovery in the US dollar and higher US Treasury yields put some selling pressure on the XAU/USD price.
Buy XAUUSD setup around the two support levels as highlighted in light blue on the chart. Good luck.
The USD weakened on Tuesday, supporting gold's price increase, but not too significantly, gold still maintained its downward trend. The 1945 and 1915 support levels need to be retested as the recovery in the US dollar and higher US Treasury yields put some selling pressure on the XAU/USD price.
Buy XAUUSD setup around the two support levels as highlighted in light blue on the chart. Good luck.
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