Gold prices clung to the $2,300 mark during the North American trading session on Thursday amid optimistic market sentiment, falling U.S. Treasury yields, and a weaker U.S. dollar.
The 4-hour chart reveals that this pair is currently trending below the 34 and 89 EMA, despite a modest rise to $2,323. Technical indicators have rebounded from initial lows but remain below the average, losing upward momentum. This suggests that buyers are currently disinterested, allowing bears to continue their dominance!
Support levels: $2,291, $2,276, $2,260
Resistance levels: $2,310, $2,326, $2,341
The 4-hour chart reveals that this pair is currently trending below the 34 and 89 EMA, despite a modest rise to $2,323. Technical indicators have rebounded from initial lows but remain below the average, losing upward momentum. This suggests that buyers are currently disinterested, allowing bears to continue their dominance!
Support levels: $2,291, $2,276, $2,260
Resistance levels: $2,310, $2,326, $2,341
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