🔖XAU/USD, H4🔖 27 March 2024
Gold prices saw a modest rebound, finding support near key resistance levels amid lacklustreeconomic data from the US. The Conference Board's consumer confidence index fell below expectations, signalling persistent concerns about economic activity. As volatility looms with major events and data releases on the horizon, gold's safe-haven appeal is expected to remain robust, potentially buoying prices in the coming days.
Gold prices are trading higher while currently testing the resistance level. Suggesting the commodity might experience technical correction.
Resistance level: 2185.00, 2230.00📉
Support level: 2145.00, 2110.00📈
Gold prices saw a modest rebound, finding support near key resistance levels amid lacklustreeconomic data from the US. The Conference Board's consumer confidence index fell below expectations, signalling persistent concerns about economic activity. As volatility looms with major events and data releases on the horizon, gold's safe-haven appeal is expected to remain robust, potentially buoying prices in the coming days.
Gold prices are trading higher while currently testing the resistance level. Suggesting the commodity might experience technical correction.
Resistance level: 2185.00, 2230.00📉
Support level: 2145.00, 2110.00📈