Gold price today: Continue the old trend
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Today, gold continues to maintain a downward trend. At the time of writing, the price has temporarily halted trading at $1938, the lowest level in 4 weeks, near $1940. The precious metal is facing difficulties in increasing prices due to some policy makers from the Federal Reserve expressing support for further tightening.
XAU/USD is declining. In the coming time, based on the 4-hour chart, it may continue its downward slide below the price channel limit at $1920. A breakout above the descending channel will encourage buyers and bring higher profits for the day.
Support levels: $1945, $1933, $1923
Resistance levels: $1965, $1978, $1989
Today, gold continues to maintain a downward trend. At the time of writing, the price has temporarily halted trading at $1938, the lowest level in 4 weeks, near $1940. The precious metal is facing difficulties in increasing prices due to some policy makers from the Federal Reserve expressing support for further tightening.
XAU/USD is declining. In the coming time, based on the 4-hour chart, it may continue its downward slide below the price channel limit at $1920. A breakout above the descending channel will encourage buyers and bring higher profits for the day.
Support levels: $1945, $1933, $1923
Resistance levels: $1965, $1978, $1989
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