Category: Forex News, News
Gold Analysis Today: XAU/USD Support and Resistance Levels
Gold, remaining under selling pressure, broke support near $4,660 per ounce, and its prices have fallen to support at $4,630. With the break of this support, the situation has worsened in the near term, and the metal may continue to decline toward $4,600-$4,560. Pullbacks toward $4,660-$4,670 could be used for selling, and a break of the latter level would lead to growth toward $4,700-$4,740 per ounce. Risk-averse sentiment is once again prevalent in the markets, the US dollar is in demand again, and only easing tensions in the Middle East could change the current situation.
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