XAUUSD will give support at $2390 and the market will go down

Spot Gold recovered some of the ground lost on Wednesday and trades near its daily high at $2,350.69. XAU/USD showed little reaction to Thursday’s headlines as the European Central Bank (ECB) unveiled its decision on monetary policy. On the one hand, the central bank left its monetary policy unchanged, as expected. On the other hand, officials maintain a cautious but optimistic stance, paving the way for a rate cut next summer. President Christine Lagarde repeated they remain data-dependent but noted, “We will get a lot more data by June.”

Meanwhile, the United States (US) reported that the March Producer Price Index (PPI) rose 0.2% MoM and 2.1% YoY, below expectations. The core annual PP was up 2.4%, above the 2.3% expected and the 2.1% posted in February. Also, Initial Jobless Claims for the week ended April 5 were up by 211K better than the 215K expected and easing from the previous 222K. The US Dollar shed some ground with the slower-than-anticipated PPI but resumed it after Wall Street’s opening, as stock could not retain the initial momentum.
meer8071ali: Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.

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#xauusd
GOLD my target line is running to my febber

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Gold tach the resistance to back the sell zone faster in 250 pips hits
300 pips smoothly running

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