Xauusd chart

٢٢ أغسطس ٢٠٢٤

Gold stays under modest bearish pressure and trades near $2,500 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day ahead of US PMI data, making it hard for XAU/USD to hold its ground.

Conversely, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at the $2,550 level.

Gold now buy 2501
Support 2520
Target 2530
Resistance 2490
Stop loss 2480