🔖XAU/USD, H4🔖 14 March 2024
Amidst prevailing market caution ahead of crucial US economic data releases, gold prices rebounded from support levels, extending their bullish trajectory. Lingering risk aversion prompted investors to seek refuge in safe-haven assets, contributing to heightened demand for gold.
Gold prices are trading higher following the prior rebound from the support level. However, Suggesting the commodity might experience technical correction.
Resistance level: 2235.00, 2350.00📉
Support level:2150.00, 2080.00📈
Amidst prevailing market caution ahead of crucial US economic data releases, gold prices rebounded from support levels, extending their bullish trajectory. Lingering risk aversion prompted investors to seek refuge in safe-haven assets, contributing to heightened demand for gold.
Gold prices are trading higher following the prior rebound from the support level. However, Suggesting the commodity might experience technical correction.
Resistance level: 2235.00, 2350.00📉
Support level:2150.00, 2080.00📈