Welcome investors to today's market update, where we will explore the developments of the XAUUSD forex pair.
Gold prices yesterday attempted to recover to the 2336 price level but turned downwards again. Currently, gold is at the lower support channel of the recovery phase, with a high likelihood of this price zone being breached, potentially pushing gold further towards around 228x today.
We suggest considering selling gold around the 2333 mark and looking to buy on dips towards the 2280 level.
Wishing everyone a successful trading day!
Gold prices yesterday attempted to recover to the 2336 price level but turned downwards again. Currently, gold is at the lower support channel of the recovery phase, with a high likelihood of this price zone being breached, potentially pushing gold further towards around 228x today.
We suggest considering selling gold around the 2333 mark and looking to buy on dips towards the 2280 level.
Wishing everyone a successful trading day!
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