What is the last gold price of the week's trading session?
Dear friends, Gold has put an end to its three-day downward trend. The escalating political tensions in the Middle East have increased the demand for safe haven assets like gold, despite the higher interest rates on US Treasury bonds. The XAU/USD price is currently trading around $1,958, showing a 0.03% increase for the day.
According to previous analysis, the current price of the precious metal is hovering around $1,960 and receiving support from the key level of $1,950. This next recovery phase, also known as the corrective wave in Dow Theory.
Support levels: $1,945.20, $1,933.20, $1,923.10
Resistance levels: $1,965.30, $1,978.30, $1,989.00
According to previous analysis, the current price of the precious metal is hovering around $1,960 and receiving support from the key level of $1,950. This next recovery phase, also known as the corrective wave in Dow Theory.
Support levels: $1,945.20, $1,933.20, $1,923.10
Resistance levels: $1,965.30, $1,978.30, $1,989.00
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