$XAU USD (#GOLD ) Update
Gaold started this week slightly weak as the US Dollar strengthened and buying interest remained low
Traders are waiting for more clarity on inflation and US interest rate decisions
Gold could attract buyers on dips, but a strong rally may take time as market confidence is still weak
Key Levels:
• Support: $3,963 and $3,904
• Resistance: $4,045 and $4,110
• If Gold breaks above $4,045, the next zone could be $4,110.
The market is expected to stay volatile
Not Financial Advice
Gaold started this week slightly weak as the US Dollar strengthened and buying interest remained low
Traders are waiting for more clarity on inflation and US interest rate decisions
Gold could attract buyers on dips, but a strong rally may take time as market confidence is still weak
Key Levels:
• Support: $3,963 and $3,904
• Resistance: $4,045 and $4,110
• If Gold breaks above $4,045, the next zone could be $4,110.
The market is expected to stay volatile
Not Financial Advice