XAUUSD - Conducting reduction adjustment?
Hello traders! Gold prices continue to dip below $2,400 during the Asian trading session on Monday. The precious metal is moving away from its record highs even as the US dollar weakens in a calm market environment. The rising US Treasury yields are contributing to the dimming shine of the metal.
On its recovery path, gold might initially encounter resistance at $2,382—previously a support level, now turned resistance.
Additionally, the support level at $2,330 might be tested again if the $2,360 support level continues to be breached.
On its recovery path, gold might initially encounter resistance at $2,382—previously a support level, now turned resistance.
Additionally, the support level at $2,330 might be tested again if the $2,360 support level continues to be breached.
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