Gold (XAUUSD) Tests $2,925 Support Amid Bearish Pressure
Gold prices (XAUUSD) are facing selling pressure, testing the key $2,925 support level. Traders are watching for signs of a potential reversal or continued downside.
Technical Highlights:
50 WMA: $2,931, acting as immediate resistance
RSI: 43, indicating oversold conditions
Support: $2,925 (current level), $2,900, $2,875
Resistance: $2,950, $2,975, $3,000
Fundamental Factors:
US Economic Data – Key inflation reports and job data will impact XAUUSD movement
Federal Reserve Policy – Speculation around future interest rate hikes remains a driver
Global Risk Sentiment – Safe-haven demand influences gold fluctuations
Outlook:
A bounce from $2,925 could lead XAUUSD towards $2,950-$2,975, while a breakdown below $2,925 may expose $2,900 and lower levels.
Full analysis: https://vantofx.com/tools/news-and-analysis/
Gold prices (XAUUSD) are facing selling pressure, testing the key $2,925 support level. Traders are watching for signs of a potential reversal or continued downside.
Technical Highlights:
50 WMA: $2,931, acting as immediate resistance
RSI: 43, indicating oversold conditions
Support: $2,925 (current level), $2,900, $2,875
Resistance: $2,950, $2,975, $3,000
Fundamental Factors:
US Economic Data – Key inflation reports and job data will impact XAUUSD movement
Federal Reserve Policy – Speculation around future interest rate hikes remains a driver
Global Risk Sentiment – Safe-haven demand influences gold fluctuations
Outlook:
A bounce from $2,925 could lead XAUUSD towards $2,950-$2,975, while a breakdown below $2,925 may expose $2,900 and lower levels.
Full analysis: https://vantofx.com/tools/news-and-analysis/
🚨 Gold (XAUUSD) Tests $2,925 Support Amid Bearish Pressure 🚨
Gold prices (XAUUSD) are facing selling pressure, testing the key $2,925 support level. Traders are watching for signs of a potential reversal or continued downside.
📊 Technical Highlights:
🔸 50 WMA: $2,931, acting as immediate resistance
🔸 RSI: 43, indicating oversold conditions
🔸 Support: $2,925 (current level), $2,900, $2,875
🔸 Resistance: $2,950, $2,975, $3,000
🔎 Fundamental Factors:
💰 US Economic Data – Key inflation reports and job data will impact XAUUSD movement
🏦 Federal Reserve Policy – Speculation around future interest rate hikes remains a driver
🌍 Global Risk Sentiment – Safe-haven demand influences gold fluctuations
📈 Outlook:
A bounce from $2,925 could lead XAUUSD towards $2,950-$2,975, while a breakdown below $2,925 may expose $2,900 and lower levels.
👉 Full analysis: https://vantofx.com/tools/news-and-analysis/
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