XAUUSD: Fed Chair Powell Speaks!

Late on Tuesday, US President Joe Biden expressed concerns about China's significant challenges, sparking fears about the global economy and a potential conflict between the US and China. These apprehensions have also prompted gold buyers to take action. Adding to this, the Wall Street Journal (WSJ) reported that the Biden administration is contemplating imposing additional limitations on the export of artificial intelligence chips to China. This move is driven by mounting concerns over the potential technological advantage that US adversaries could gain.

Support levels: 1,903.80 1,888.10 1,870.15

Resistance levels: 1,924.05 1,933.50 1,941.90

Trade active:

US targets Wagner Group in curbs on gold firms suspected of funding mercenary force.

Trade active:

Maybe BUY at 1900 - 1903 with SL 1985. TP 1920